At Wednesday's summit, the EU and Japan are expected to reaffirm their commitment to a rules-based order, as both face trade disputes with the US, but the pair offer differing approaches to negotiations with the Trump administration.

The European Union and Japan will work more closely to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen told reporters on Wednesday. Von

Japan and Europe are two of the U.S.’s largest trading partners and now that the markets have some certainty around trade, it’s back to “risk-on” for investors, according to Jim Reid’s team at Deutsche Bank.

TOKYO/SEOUL (Reuters) -Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%, a move that stoked optimism about a similar agreement for Seoul and Brussels.

What Happened in Markets Today Stocks hit fresh record highs. The S&P 500 gained 0.8% and the Nasdaq Composite rose 0.6%, both ending at record closing levels. The Dow Jones Industrial Average added 507 points,

European Council President Antonio Costa said Tuesday the European Union aims to "upgrade" its relationship with Japan to "a new level" through an upcoming summit in Tokyo, focusing on trade and security.

The European Union has unexpectedly lifted sanctions on three Japanese LNG carriers owned by Mitsui O.S.K. Lines, which were imposed just two months ago. The European Commission explained the move by citing assurances that the vessels would no longer carry Russian gas.

Stocks hit fresh all-time highs. The S&P 500 gained 0.8% and the Nasdaq Composite rose 0.6%, both ending at record highs. The Dow Jones Industrial Average added 507 points, or 1.1%. **The rally was ai