Stocks soar on deals hopes

Equity markets are on the rise today with DE30 gaining 1.4% in Europe and US500 adding 0.8% in the US as traders hope that some major negative outcomes can be avoided. First, US lawmakers agreed on a deal that would postpone shutdown for 6 months and second, there are rumours that US will extend a deadline to find a deal with China beyond the end of this month to allow for a Trump-Xi meeting where an agreement could be signed. However, much will depend on the outcome of mid-levels talks that are held in China this week.

DE30 rises, but momentum is weak
BREAKING: US Jobless Claims broadly in line with  expectations
BREAKING: GBP strengthens after BOE rate decision
Chart of the day - GBPJPY (05.08.2021)
Economic calendar: Focus on BoE decision
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