US Futures, Global Markets Hit New Record Highs After US-EU Trade Deal

Global markets reached new all-time highs fueled by a trade-induced risk-on rally. This optimism was sparked by a US-EU deal to impose 15% tariffs on European exports and an extension of the US-China trade truce. US equity futures showed gains, with technology and cyclical sectors leading the advance. Bond yields and the US dollar also rose, while commodities presented a mixed picture. The week ahead is packed with significant events, including the Federal Reserve decision and the jobs report. Major tech companies, known as the "Mag 7," were higher in pre-market trading, with semiconductors showing particular strength. US energy stocks surged following the EU's commitment to purchase American energy products. Several companies experienced significant stock movements due to news regarding clinical trials, earnings forecasts, and regulatory investigations. Despite the positive trade news, market sentiment remains cautious due to upcoming economic data and central bank meetings.