From Investing.com: 2025-05-20 06:08:00

In the Asian session, the MSCI Asia Pacific index rose by 0.4% as Hong Kong stocks surged by 1.3%. Contemporary Amperex Technology saw an 18% increase on its first trading day. Market optimism from the US-China trade pause may be fading, with focus shifting to trade talks with India and Japan. Additionally, Vietnam and the US are in talks for a bilateral tariff agreement. Major Chinese banks have cut deposit rates to boost consumer spending. Updates on these trade deals could impact market sentiment and risk assets positively.

In the European open, the dropped 0.2%, signaling a possible end to a six-day advance. The pan-European index reached a seven-week high, while the hit all-time highs. Utility stocks rose, with EDP Renovaveis gaining 3.5% after a rating upgrade. Currency movements were mixed, with the weakening due to a rate cut by the Reserve Bank of Australia. Economic data releases are quiet in Europe, with focus on potential trade deals and the Russia-Ukraine truce for market impact. The DAX index is consolidating after hitting a new high, with support levels at 23750 and 23471.

Overall, markets are closely monitoring trade developments in Asia and Europe, with potential agreements and talks impacting market sentiment and asset prices.



Read more at Investing.com: Europe Mid-Session: Markets Eye Trade Deals, DAX Breaches 24000