📰 Summary

Asian markets opened mixed on Monday after President Trump claimed a major trade agreement with the EU, including a 15% baseline tariff and a $750 billion energy deal. While investors welcomed the avoidance of an immediate trade war, uncertainty remains until a formal agreement is signed.

📊 Key Market Highlights

🧾 Trade Agreement Details

• Trump: U.S. and EU reached a trade deal Sunday

• 15% tariff on EU goods (including cars) to replace looming broader tariffs

• EU to buy $750B in U.S. energy and invest $600B in the U.S. economy

• Steel and aluminum tariffs (50%) remain in place

• Carsten Brzeski (ING): “Only a signed deal is a deal.”

📈 Market Response

• Asia: Japan -1.1%, South Korea +0.4%, China +0.1%, Hong Kong +0.6%

• Europe: France CAC +1.2%, DAX +0.8%, Stoxx600 +0.9%

• U.S. Futures: S&P +0.3%, Nasdaq +0.5%, Dow +0.3%

• Currencies: Dollar strengthens (DXY +0.25%), Euro retreats

• Commodities: Brent +0.5% ($68.02), WTI +0.6% ($65.51), Gold slightly up

📌 Investor Takeaways

• Positive sentiment on the U.S.-EU announcement could be short-lived without a signed agreement

• Energy and auto stocks may benefit in the short term

• Watch for volatility as trade deals with Canada, Mexico, India, and Korea remain unresolved

• Currency shifts and bond yield movements reflect deeper macro uncertainty