A tough night on European exchanges turned strongly positive after the White House announced a preliminary trade deal with the European Union. US stocks rose, the US dollar weakened and bonds are under pressure globally. Industrial commodities are adding to overnight gains and Asia Pacific markets may outstrip the small rise seen in overnight futures trading.

In other positive developments crude oil prices lifted after US data showed greater consumption than expected. A weakening US dollar gave the commodities complex a lift, and gold is back above US $1,230 an ounce. Forex traders will watch today’s yuan fixing in Beijing with additional interest.

The announcement of a deal between Nine Entertainment and Fairfax Media may also bolster investor sentiment. Although the parties are terming it a “merger”, the terms could be interpreted as a takeover given the premium Nine will pay for control of Fairfax.

A 23%+ after hours plunge in FaceBook shares may take some of the gloss off otherwise strong leads. Shares in the social network plummeted after missing revenue estimates for the first time in three years and the CFO guided growth expectations lower.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.