Asian stocks contain the longest range of profits since January with the support of commercial agreements

Asian stocks have risen in their longest series since January, after investors have obtained their optimism from the possibility of making more US trade agreements, following the last agreement with Japan. The MSCI index of Asia and the Pacific rose by 1%and achieved the sixth consecutive profit, while the Japanese “Nikai 225” index rose by 2%. US Treasury bonds decreased for the second day in a row, with the return on bonds for 10 years by one basis point to 4.39%. On the other hand, gold fell by 0.1%, while the Japanese yen performance exceeded all currencies, in light of the expectations that the commercial agreement would increase the possibility of raising interest rates. The dollar fell after US Trade Minister Howard Lootnick said that Federal Reserve chairman Jerome Powell should leave. According to the White House, US President Donald Trump will visit the Federal Reserve on Thursday. Agreements with Japan and the European Union increase the confidence of investors. The profits in the stock market came after reports that the United States are nearby to reach an agreement with the European Union to set up a 15% customs tariff on most products, after the agreement with Japan. The progress of commercial agreements has strengthened the conviction of investors that Washington could use a practical approach in its commercial policy before customs duties largely affect corporate profits. “The agreement with Japan and a 15% potential agreement with the European Union will increase investor confidence that the impact of customs duties would not be the badly feared,” said Nick Todel, the main market analyst at Global Markets. He added: “Negotiations with China are still a cautious source, but recent updates give the market in the hope that a similar agreement in these discussions may be possible.” During the past two months, Trump has concluded major agreements, including an agreement with Japan and the progress of conflict with China, which indicates the calm of global trading tension. These steps reassured investors and reduced the fear of a long trade war, supporting the profits in global markets. The “VIX” fluctuation index, known as the fear of market fear, has dropped to the level of 15 points, after it exceeded 52 points in April during the peak of the customs turmoil. The ‘mutual’ definitions with a minimum of 15% indicated that customs duties will not reduce 15% in the framework of what he calls ‘mutual fees’, before the deadline on August 1. According to US Treasury Secretary Scott Besent, the implementation of the United States commercial agreement, according to the US Treasury Secretary, warns that if Trump is not satisfied, the fees to his previous level of 25% on cars and other Japanese products will be returned. Besent is scheduled to meet Chinese officials in Stockholm next week to discuss the expansion of the customs wind. ‘Alphabet’ rises and ‘Tesla’ ends up at the level of corporate profits, the shares of ‘alphabet’ in closing the trading increased after revenue exceeded expectations, while Tesla shares fell by 4.4% after Elon Musk warned ‘some difficult chapters’, after the company registered the biggest reduction in its sales. In another development, Trump said he was considering trying to break down the company “invidia” to improve competition in the artificial intelligence disk market before discovering that “it is not easy in this area.” Invidia’s shares increased by about 1% in trading after closing.