The US and Europe reached a tariff agreement, US stock futures rose, and gold recovered after a lower opening
The United States and the European Union reached a 15% tariff agreement, von der Leyen: This is the best result the EU could achieve
S&P 500 index futures rose about 0.4% in early Asian trading, and Nasdaq futures rose about 0.5%. Spot gold briefly touched $3,320.51 per ounce at the start, then rebounded about $10, currently down 0.15%. The dollar index fell 0.1%.
According to CCTV News, on July 27 local time, U.S. President Trump stated that the United States has reached a tariff agreement with the European Union at a 15% tax rate. Trump mentioned that the EU will increase its investment in the U.S. by $600 billion compared to before, will purchase U.S. military equipment, and will buy $750 billion worth of U.S. energy products. Trump stated that tariffs on steel and aluminum will remain unchanged, energy is a key part of this agreement, the agreement will benefit the automotive industry, and agriculture will also have a significant impact. The U.S. will invest a lot of effort in the chip sector, and the British Prime Minister is pleased with this agreement
