ES and NQ, and others, futures are open for trade on Globex to begin the new week:
- ES +0.4%
- NQ + 0.6%
(those numbers will have changed by the time I hit publish, and continue to change as the session unfolds, but you get the idea).
A US official released some remarks timed to coincide with the market open (not a coincidence, I assure you!), in brief:
- EU agreed to 15% tariffs on cars, semiconductors, pharmaceuticals
- EU accepted us maintaining 50% tariffs on steel, aluminium
- EU agreed to open markets to nearly all products
- Trump pushed $1tln US energy deal, settled at $750bn
Earlier:
- Monday open levels, indicative FX prices, 28 July 2025 - EUR up on US/EU 'framework' deal
- US and EU reach a framework trade deal, 15% tariff rate, EU to purchase energy from the US
- U.S. and China will meet in Stockholm on Monday, 90 day extension expected
- EU President von der Leyen summarises the EU/US trade deal framework
Weekend:
