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Energy Stocks Surge, Dollar Jumps on US-EU Trade Deal - APA (NASDAQ:APA)
- On Sunday, reports indicated that Trump and EU officials discussed a deal, with tariffs reduced from existing levels, effective August 1.
- Fears of a tariff-induced slowdown in the past year prompted investors, and the agreement removes a significant layer of market uncertainty, according to Forbes.
- Futures on Wall Street, with Asia session E-mini futures up 0.5% and 0.6%, contributed to record highs for the S&P 500 and Nasdaq 100.
- Looking ahead, the Fed expects to hold rates steady at this meeting, as Allen-Reynolds said, and Jan Hatzius anticipates a rate cut in September.
- Despite the agreement, Jack Allen-Reynolds said uncertainty is likely to remain high for the foreseeable future.
24 Articles
24 Articles
New Strait Times
The Economic TimesEuro under pressure as US-EU trade deal fails to impress
SINGAPORE: The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal between the US and the European Union favoured the former and hardly lifted the economic outlook of the bloc. © New Straits Times Press (M) Bhd
Trump is winning his trade war … but Americans will pay the price
Why did the EU trade deal fall flat on Wall Street? One expert says ‘markets have taken TACO a bit too seriously’ as another says the ‘deal still means consumers pay more in tariffs,' Eric Garcia writes
Stock market rally stalls as Wall Street digests US-EU trade deal
By John Towfighi, CNN New York (CNN) — US stocks were mixed Monday and the S&P 500 was on the verge of snapping a five-day win streak as investors digested the announcement of a trade deal between Washington and Brussels. Stocks fluctuated between gains and losses Monday afternoon after President Donald Trump and President of the European Commission Ursula von der Leyen on Sunday announced a framework for a US-EU trade deal. The Dow fell 100 poi…
US-EU trade deal marks a win for Trump
In this episode of Ian Bremmer’s Quick Take, Ian discusses the breakthrough US-EU trade deal, calling it a "big win" for the US and President Donald Trump.The agreement is an advantage for American corporations and boosts manufacturing, with Ian noting, “Americans are in a stronger position than Europe.” Trump's recent foreign policy successes, including trade deals with Japan and South Korea and NATO support for Ukraine reflect short-term achie…
Energy Stocks Surge, Dollar Jumps on US-EU Trade Deal - APA (NASDAQ:APA)
Wall Street opened the week slightly higher, led by gains in energy stocks, while the U.S. dollar posted its strongest performance in over two months, as markets reacted to the U.S.-EU trade deal struck over the weekend.
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