Global stock markets have rallied after a trade deal between the US and EU eased uncertainty for companies. European markets surged, with Germany's Dax rising by 0.8% and France's Cac 40 gaining 1%. The deal imposes a 15% US tariff on most EU imports but is considered bearable compared to the previously threatened 30% tariff. The EU will also purchase $750bn in US energy and military equipment, aligning with geopolitical moves post-Russia's invasion of Ukraine. Asian markets mostly rose, although Japan's Nikkei 225 fell by 1% amid trade deal concerns.
"The US-EU deal will impose a 15% US tariff on most imports from the EU, such as cars and computer chips, while steel and aluminium have a 50% tariff above certain quotas."
"European stock markets surged on the opening bell on Monday, with Germany's Dax rising 0.8%, France's Cac 40 gaining 1%, and Spain's Ibex rising by 0.8%."
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