Eurostoxx futures +1.2% in early European trading

  • A more buoyant mood as the US-Japan trade deal lifts broader market sentiment
Stocks Equities IL
  • German DAX futures +1.1%
  • UK FTSE futures +0.5%

Does this give hope for the EU to also strike a deal before the 1 August deadline? I'm afraid the circumstances are a bit different. Japan prime minister Ishiba was a lame duck after the upper house election loss and this deal was his last ditch attempt to try and stay in office. However, the latest report from Reuters is suggesting that it isn't enough as he has tendered his resignation.

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