24th July – Stocks higher as Trump finally seals a meaningful trade deal with Japan

Join us for today's MPC Markets Morning Call as we delve into the latest market movements and economic updates. Highlights include:Trade Deal Impact: Stocks hit record highs following a significant trade deal between the US and Japan, with President Trump leading the charge. Market Reactions: The Nikkei surged 3.5%, while the Dow, S&P, NASDAQ, and Russell also saw gains. Tesla and Google's earnings influenced the S&P and NASDAQ. Sector Highlights: The healthcare sector showed strong performance, while the chip sector rebounded after a dip. Defense stocks, including Raytheon, reached new highs. Tesla's Future: Elon Musk's ambitious plans for autonomous vehicles and the Optimus robot prototype are discussed, alongside Tesla's recent earnings. Commodities Update: Iron ore and lithium took a breather, while uranium rallied. The Aussie dollar saw a 1% increase.Upcoming Events:Quarterly Updates: Fortescue, Coronado, Insignia, and more. Macquarie Group AGM: Starting at 10:30 AM in Sydney. Economic Indicators: Durable goods and PCE data on Friday.