European stocks and Wall Street futures rose after the US-EU trade deal, easing fears of a trade war. The agreement involves a 15% import tariff on most EU goods, half of what was threatened. The US also reached a similar deal with Japan last week, raising some concerns about tariffs on spirits and wine.

Eurozone stocks nearly hit a record high, with S&P 500 futures up slightly. The dollar strengthened as trade tensions eased, allowing markets to focus on yield differentials. US trade deals with the EU, Japan, and UK secure higher tariffs without retaliation and promise additional investment.

US and Chinese officials resume trade talks in Stockholm to extend a truce and avoid higher tariffs. The Bank of England may slow bond sales, and new EU sanctions on Russia’s oil industry could impact global diesel flows. The US-EU trade deal includes a 15% levy on European exports, with exceptions for some goods.

Key events this week include policy meetings at the Fed, Bank of Japan, and Bank of Canada, as well as updates on the US labor market, GDP, and inflation. Traders also watch an OPEC+ meeting and Treasury debt sales totaling $139 billion. The week is packed with earnings reports and a quarterly refunding announcement.

Read more at Yahoo Finance: US-EU deal boosts markets and the dollar