Overnight US stocks | Trade expectations favor the S&P 500 and Nasdaq to hit new highs, while gold and U.S. bonds both fall. Tesla, Inc.'s (TSLA.US) Q2 performance is disappointing.

US stocks closed higher on Wednesday. The Dow rose over 500 points, while the S&P 500 and Nasdaq hit new highs. President Trump announced a trade agreement with Japan, leading to increased expectations in the market for more trade agreements to be reached before the August 1 deadline. It is rumored that the US and Europe are close to reaching a 15% tariff agreement, resulting in a decrease in risk aversion. US bond yields rose across the board, while gold fell below the $3400 mark. As of the close, the Dow rose 507.85 points, or 1.14%, to 45010.29 points; the Nasdaq rose 127.33 points, or 0.61%, to 21020.02 points; and the S&P 500 rose 49.29 points, or 0.78%, to 6358.91 points. Alphabet Inc. Class C reported higher than expected revenue and increased full-year capital expenditures, causing the stock price to initially rise by 3.5%, but later falling to 1.80%. Tesla, Inc. reported weak second quarter performance, with Musk warning that it may face several challenging quarters. The stock price fell more than 5% in after-hours trading. European stocks: Germany's DAX30 index rose 0.83%; UK's FTSE 100 index rose 0.42%; France's CAC40 index rose 1.37%; Euro Stoxx 50 index rose 1.02%; Spain's IBEX35 index rose 0.19%. Asian-Pacific stocks: Japan's Nikkei 225 index rose 3.51%; South Korea's KOSPI index rose 0.44%; Indonesia's Composite index rose 1.69%. In foreign exchange, the ICE US Dollar Index fell 0.19% to 97.207 points; the Euro rose 0.16% against the US Dollar, while the Pound rose 0.37% against the US Dollar; the US Dollar was roughly stable against the Swiss Franc, but fell 0.08% against the Japanese Yen to 146.52 Yen. In commodities, WTI crude oil futures for September fell 0.06 USD, or 0.09%, to 65.25 USD per barrel; Brent crude oil futures for September fell 0.08 USD, or over 0.13%, to 68.51 USD per barrel. In metals, spot gold fell 1.22% to $3389.50 per ounce; COMEX gold futures fell 1.28% to $3399.50 per ounce. In cryptocurrency, CME Bitcoin futures BTC main contract fell 1.12% from the New York closing on Tuesday, to 118,000 USD. Additional Macro News: -Trump: Will impose simple tariffs of 15% to 50% on most countries. -US Treasury Secretary Mnuchin: Not in a hurry to select Powell's successor at the Fed. -Report: EU and US are moving towards reaching a trade agreement, with most products set at a 15% tariff. Individual Stock News: -Alphabet Inc. Class C(GOOGL.US) reports a 32% surge in cloud business, investing 85 billion in AI infrastructure, and plans to increase spending by 2026. -Tesla, Inc.(TSLA.US) reports a decline in Q2 performance, with Musk warning of poor future performance. -IBM(IBM.US) sees disappointing performance in its software business, with investors losing interest.