Global stocks rose after a trade agreement between the United States and the EU lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of Japan.
Breakdown
- Global stocks rose after the US and EU reached a trade agreement.
- The agreement imposes a 15% import tariff on most EU goods, lower than previously threatened. 17s
- The deal averts a larger trade war between the US and EU, which account for nearly a third of global trade. 29s
- European and Asia-Pacific stock indices posted gains following the news. 45s
- Investors are now focused on upcoming central bank policy meetings and economic data. 1m 6s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.