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Analyst: Stock Market Poised to Rise After US-EU Agreement
BlockBeats News, July 28th: After the United States reached a trade agreement with the European Union, investors expect that when the market reopens on Monday, automobile manufacturers and luxury goods manufacturers will lead a relief rally in the European stock market. On Sunday, US President Trump announced this agreement after meeting with European Commission President Von der Leyen. According to the agreement, most of the EU's exports (including cars) will face a 15% tariff. The EU leader stated that this tariff is comprehensive, but Trump stated that it does not include pharmaceuticals and metals.
John Plassard, Chief Investment Officer at Cité Gestion, stated that this agreement is "enough to unlock what the stock market needs most: predictability." He said, "The risk of further tariff escalation has now been removed, followed by the disappearance of a major macroeconomic downside. For investors, this is not just a relief but also a green light." (FXStreet)
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