Asia-Pacific markets opened higher after U.S. President Donald Trump announced that he had completed a “massive Deal” with Japan, which set tariffs of 15% on the country’s exports to the U.S.

Overnight, the U.S. benchmark S&P 500 rose to another record high.

Singapore inflation remains at over four-year low ahead of monetary policy decision

Singapore’s headline inflation rate came in steady at 0.8% in June, remaining at its lowest level in over four years.

The inflation figure was lower than the 0.9% expected by economists, and comes ahead of the country’s monetary policy decision later in July.

Core inflation, which strips out prices of private transport and accommodation, remained unchanged at 0.6%.

The soft inflation figure clears the way for Singapore’s monetary authority to ease its monetary policy to support growth in an uncertain trade environment.

In its recent annual report released on July 15, the Monetary Authority of Singapore noted that core inflation “eased significantly to below 1% in the first five months of this year, coming in below expectations.”