European Stocks Jump on EU-US Tariff Deal
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US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.
US stocks close mostly higher on an EU trade deal. S&P 500 and Nasdaq hit records, but Mag Seven earnings and the Fed meeting could turn sentiment.
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 on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were higher.
London's main stock indexes closed lower on Monday, pressured by industrial shares, while investors assessed a U.S.-EU trade deal along with economic data.
Easing tariff concerns could fuel a breakout in European equities after months of market stagnation, according to Barclays analysts.
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