Express
Analyst: Stock Market Expected to Rise After US-EU Agreement
Summary: According to sources, following the trade agreement between the United States and the European Union, investors anticipate a relief rally in the European stock market when trading resumes on Monday, with automakers and luxury goods manufacturers leading the way. On Sunday, US President Trump announced the agreement after meeting with European Commission President von der ...
According to sources, following the trade agreement between the United States and the European Union, investors anticipate a relief rally in the European stock market when trading resumes on Monday, with automakers and luxury goods manufacturers leading the way. On Sunday, US President Trump announced the agreement after meeting with European Commission President von der Leyen. Under the deal, most EU exports (including cars) will face a 15% tariff. While the EU leader stated that the tariff is comprehensive, Trump mentioned that it excludes pharmaceuticals and metals.
John Plassard, Chief Strategist at Cité Gestion, stated that this agreement provides the stock market with the much-needed predictability. He mentioned, 'The risk of further tariff escalation is now off the table, removing a major macroeconomic headwind. For investors, this is not just a sigh of relief, but a green light signal.'
