Asian Stocks Rise Amid Global Trade Deal Optimism

Stocks in Asia saw gains on Thursday as optimism spread due to pending trade deals and strong corporate earnings. European futures also indicated a positive trend, following renewed U.S. trade agreements with Japan, the Philippines, and Indonesia. Markets are hopeful for a U.S.-EU trade agreement.

Asian stocks extended their upward trend on Thursday, buoyed by optimism over recent trade deals and positive corporate earnings in the U.S. region. The MSCI Asia-Pacific index excluding Japan rose 0.4%, nearing a four-year high, reflecting strength from Wall Street's record session.

European markets are poised to continue this positive momentum, as pan-European futures gained 1.17%. The German DAX futures and FTSE futures also showed upward trends, reflecting global optimism amid speculation of potential U.S.-EU trade agreements.

The anticipated upcoming Federal Reserve meeting could either maintain or shift current economic policies, as markets continue to analyze U.S. President Donald Trump's unexpected visit to the institution as a move that might pressure rate cuts. Meanwhile, trade optimism saw a rise in oil prices, even as gold slightly dipped due to lessened demand for safe-haven assets.

(With inputs from agencies.)