Wall Street Futures Rise as US-EU Trade Deal Ignites Busy Market Week
Wall Street Futures Rise as US-EU Trade Deal Ignites Busy Market Week
U.S. equity futures climbed on Monday morning, signaling a positive start to an exceptionally busy week for financial markets. The uplift follows President Donald Trump’s Sunday announcement of a new agreement with the European Union to lower tariffs to 15%, easing previous threats of higher duties.
This week is poised to be pivotal, with investors bracing for a flurry of critical economic events. The Federal Reserve’s two-day policy meeting concludes on Wednesday, where markets will scrutinize any hints of future rate cuts, despite expectations for rates to remain steady. Major tech giants, including Meta Platforms, Microsoft, Amazon, and Apple, are slated to release their quarterly earnings, with analysts keen on commentary regarding AI spending and forward guidance.
Inflation data will also be a key focus, with the June personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, due on Thursday. Additionally, a series of jobs reports, culminating in the critical July jobs report on Friday, will provide further insights into the labor market. The week also features President Trump’s looming August 1 tariff deadline, adding another layer of anticipation for traders.
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