According to Danske Bank analysts, an eventful G7 meeting concluded yesterday as on Iran, French President Emmanuel Macron said that an US-Iran deal could be reached if Iranian President Hassan Rouhani and Trump meet. 

“Trump agreed 'if the circumstances were correct'. An agreement still seems far away, though. On global trade, the G7 leaders agreed that there is a need for modernising and reforming the WTO system to make it more efficient, reflecting the changing economic structures. While it seems doubtful the US and China are anywhere close to a trade deal despite Trump's comments yesterday, it was positive that Trump said that the US and the EU are 'very close to doing a deal'. We have to be careful about Trump's comments but this topic will be increasingly on our radar ahead of Trump's decision in November whether to impose tariffs on auto imports from Europe or not.”