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European stocks head for higher open with earnings and U.S. trade deals in focus
European stock markets are heading for a higher open today, according to IG data, with major bourses heading for gains of around 0.2%.
US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock
EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.
Shipping analysts greet U.S.-E.U. trade deal with mixed reactions
Shipping shares Moller-Maersk and Hapag-Lloyd fell after the European Union said its trade agreement with the US would chop in half the proposed 30% blanket tariffs to 15% on most products.
E.U. defends U.S. trade deal in face of mounting business criticism
Pact removes a major risk for markets and the global economy, given the transatlantic partners did $2 trillion worth of cross-border commerce in 2024.
European wine and spirits makers urge 0% tariffs as EU-U.S. deal leaves sector in the dark
European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.
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