In Europe, EUROSTOXX 50 futures and DAX futures jumped more than 0.9% each, while FTSE futures gained 0.56%.

In the US, Nasdaq futures advanced 0.52% and S&P futures rose 0.4%. The euro also climbed 0.22% to reach 1.1765 USD.

The US-EU trade deal imposes a 15% tariff on most European goods imported into the US and also includes commitments from the EU to purchase significant amounts of US energy and military equipment.

According to the deal, the EU is expected to invest 600 billion USD in the US, including military spending.

Both have agreed to reciprocal tariff exemptions on certain strategic products including plane parts, chemicals, some agricultural products, and critical raw materials. The EU hopes to secure additional “zero-for-zero” tariffs, especially for the two sides’ spirits products.