EU strikes trade deal with US
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Investors kick off a hectic week with stocks moving mostly lower after a U.S.-European Union trade deal, with a Fed meeting, jobs data and a deluge of corporate earnings on deck.
The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.
U.S. stock futures rose Friday after the Nasdaq closed at a new record Thursday. European shares fell in line with Asia amid uncertainty regarding Fed interest rates.
Easing tariff concerns could fuel a breakout in European equities after months of market stagnation, according to Barclays analysts.
President Donald Trump later said that he wouldn’t go below 15% as a floor for the so-called reciprocal tariffs ahead of the deadline on August 1, and suggested that some levies may go as high as 50%. Speaking at an AI summit on Wednesday, Trump said: