The S&P/ASX 200 edged up by 0.2% to around 8,858 on Tuesday, reaching a new record peak, as investor sentiment remained buoyant amid optimism over a renewed US-China trade truce and growing expectations of a rate cut by the Reserve Bank of Australia. On Monday, President Trump extended the trade truce with China by an additional 90 days; the previous deadline had been set to expire at 12:01 A.M. Tuesday. Without the extension, Washington was poised to escalate tariffs on Chinese goods beyond the already steep 30%, with China likely to retaliate by raising levies on American exports. In Australia, markets turned their attention to the RBA’s interest rate decision, expected later today. Expectations are growing for a 25 bps cut, which would bring the cash rate down to 3.60%. Banking stocks were among the gainers, with ANZ Group Holdings advancing 0.9%, Commonwealth Bank of Australia adding 0.5%, National Australia Bank rising 0.5%, and Westpac Banking Corporation up 0.3%.