- German DAX futures +1.2%
- French CAC 40 futures +1.2%
- UK FTSE futures +0.6%
The market mood is buoyant as we see stocks breathe a sigh of relief from the US-EU trade deal. The worst case scenario is averted but that doesn't mean that there won't be any more bumps in the road from hereon. The European side is making it clear that this is a makeshift and "temporary" deal, as they seek better terms. However, it looks like 15% baseline tariffs is a given regardless of what happens next. US futures are also higher, with S&P 500 futures up 0.5% currently.
