The European Union said it’s close to finalizing a trade deal with Australia after years of negotiations, according to Bloomberg; Von der Leyen may travel to Australia as soon as this weekend to sign the deal, according to sources

The near-finalization of a trade deal between the EU and Australia is significant as it signals a potential strengthening of economic ties that could benefit trade flows between these regions. If signed, this deal may enhance EU's global trade position, with implications for sectors reliant on exports. Market sentiment could shift positively, especially for related commodities or companies positioned in these markets.