Stocks cheer the art of Trump’s trade deals after EU agreement
By ankur BANERİNEE
Singapore (Reuters) -Interest shares rose and the euro fired on Monday after a trade agreement between the US and the EU, and the Federal Reserve and Japanese Bank has clarified in a very important week managed by policy meetings.
The United States made a framework trade agreement with the European Union and implemented a 15% import tariff to most EU goods – a week after accepting a trade agreement that loweres tariffs in automobile imports with Japan, half of the threat.
Countries are trying to complete trade agreements before the deadline for August 1, and negotiations between the US and China are determined on Monday because of a 90 -day extension of the ceasefire between the two best economies in Stockholm on Monday.
“A 15% tariff for European goods, US energy and military equipment recruitment and zero tariff retaliation by Europe, not this negotiation, not this negotiation, not this negotiation.” He said. “A big gain for the US”
The S&P 500 -term transactions increased by 0.4% and NASDAQ futures won 0.5%, while the EURO fired along the Board of Directors and rose against the dollar, pound and Yen. European futures increased approximately 1%.
In Asia, Japan’s Nikkei shifted after touching the highest level of a year last week, while MSCI’s Asian-Pacific Shares Index outside Japan increased by 0.27%, shy at almost four years last week.
Although the basic 15% tariff will be seen as very high by many of Europe, it is better than the 30% threat compared to Europe’s hopes of making zero tariff agreements.
The agreement with the EU provides clarity to companies and prevents a larger trade war between the two allies, which constitute almost one -third of global trade.
“To bring together all of them, what we see with Japan and the EU with the US and China really rejects the risk of a long trade war,” Ig Market Analyst Tony Symore really rejects the negotiations between the US and China in Stockholm. ” He said.
He continued: “The importance of August Tariff’s deadline was significantly dispersed.”
The Australian dollar, usually seen as a proxy for a sense of risk, was 0.12% higher than $ 0.65725 in early operations circulating around the eight -month summit last week.
Fed is waiting for boj
In an action -packed week, investors will take into account the monthly US employment report and earning reports from Apple, Microsoft and Amazon, as well as monetary policy meetings from Fed and Boj.
