Produced by Alessia Giustiniano. Filmed by Rod Fitzgerald.
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Welcome to FT Market Minute. Here's what we're watching in London on Monday morning. It's an upbeat start to the week. Wall Street closed at another record on Friday, and this is helping global stock markets.
Asia-Pacific hit an 18 month high, and the Euro STOXX 600 is near its best level since December 2015. And London's FTSE 250, the second tier index, which is supposed to be more sensitive to the UK economy, has hit a fresh record amid waning Brexit fears. So why the optimism?
Well, investors appear happier than US president Donald Trump says he will soon deduce details of his tax plan. And investors also think Mr Trump been less confrontational of light regarding foreign relations. Remember, worries about his protectionist stance had hobbled the post-election rally until recently.
In particular, investors seemed pleased that accusations of currency manipulation did not colour the weekend's summit between Mr Trump and Japanese Prime Minister Abe. This has allowed the yen to weaken again, and a weaker yen is usually a sign that the broader market is in a risk on mood. Sure enough, gold is lower and treasury yields are moving higher.