29 August 2018 :A renewed sense of positivity and optimism continues to be felt across financial markets after the United States and Mexico reached a breakthrough deal over the NAFTA trade agreement.

This highly encouraging development may ease trade war fears, elevate global sentiment and stimulate appetite for riskier assets. Although it remains uncertain whether Canada will join the agreement, there is an expectation that the nation agrees to the new terms in an effort to conserve the three-nation pact.

Speaking of risk, Asian stocks closed mostly positive this morning while European markets edged higher as optimism over a trade deal between the US and Mexico boosted investor confidence. With Wall Street powering to record highs yesterday, US equity bulls could make another appearance this afternoon amid the risk-on sentiment.

Source: Lukman Otunuga, Research Analyst at FXTM

Reporting for EasyKobo on Wednesday ,29 August 2018 in Lagos, Nigeria