FX.co ★ European Markets Rise on US-EU Trade Agreement

European equity markets were set for a positive start on Monday, following the weekend's announcement of a trade agreement between the United States and the European Union. This development aims to alleviate transatlantic trade tensions. The accord includes a 15% tariff on European exports, a reduction by half from the initially threatened 30% by the US, thereby enhancing investor confidence across the region. The announcement was made in Scotland on Sunday by US President Donald Trump and European Commission President Ursula von der Leyen. Trump described the agreement as “the biggest of all the deals,” while von der Leyen emphasized that it would provide “stability” and “predictability.” Nevertheless, some ambiguity remains due to the lack of specific sector coverage details and potential exemptions. Furthermore, Monday sees no significant economic or earnings announcements from Europe. In premarket trading, Euro Stoxx 50 futures increased by 1.2%, and Stoxx 600 futures rose by 0.8%.