Reported about 16 hours ago
Global stocks increased and the euro rose in value following a trade agreement between the U.S. and EU, which established a 15% import tariff on most EU goods. This agreement comes ahead of important monetary policy meetings from the Federal Reserve and the Bank of Japan. The U.S.-EU deal is perceived as a positive development that helps avoid a larger trade conflict and brings stability to trade policies, encouraging market optimism as investors anticipate implications for global economic dynamics.
Source: YAHOO