EU and Australia agreed to a free trade deal, according to a joint statement
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[MARKET UPDATE] Asia-Pac stocks begin higher following the positive lead from Wall St, where stocks rallied and oil dropped after US President Trump announced US-Iran conversations and a five-day halt of strikes against Iranian energy infrastructure
Australia sells AUD 1bln 3.75% April 2037 bonds, b/c 3.67, avg. yield 5.0650%
EU and Australia agreed to a free trade deal, according to a joint statement
A projectile fell on a gas pipeline feeding a power station in Khorramshahr, Iran, while there were no casualties
Gas-related facilities said to be hit in strikes on Isfahan in central Iran, in which offices belonging to a gas company and a gas pressure reduction station were damaged in a US-Israeli attack on Isfahan in central Iran, according to Fars News Agency
On the Newsquawk feed at , 20 minutes before this page.
Context
The agreement on a free trade deal between the EU and Australia signals a significant strengthening of economic ties and could enhance future trade flows. This development may position both economies to better leverage trade positions against other regions, particularly in the context of current US-China tensions. Traders should consider the potential impacts on the Euro and Australian Dollar, given the expected positive sentiment towards both currencies in the forex market.
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