Global stocks hit a new record high, with Asian markets rising 1% and Japan surging up to 2%. Alphabet’s earnings boosted the Nasdaq, but Tesla shares fell. Easing trade tensions calmed investors, with President Trump hinting at new trade rules. Euro Area PMIs rose to 51 in July, showing the fastest growth in 11 months. Companies hired more staff as new orders increased. Optimism about a US/EU trade deal pushed stocks higher, with Deutsche Bank’s results lifting banking stocks. Oil prices rose on trade deal speculation, while gold prices dipped. ECB meeting and US economic data releases expected later today. FTSE 100 index continued its rise, reaching overbought territory. Immediate support at 9110 with upside potential towards 9250 and 9500.

Read more at Investing.com: FTSE 100 Breaks Records on Higher Euro Area Private Sector Growth Ahead of ECB