Overview
- The agreement reduces U.S. auto tariffs on Japanese imports from 25% to 15%, rekindling hopes for similar concessions in U.S.-EU talks before the August 1 deadline.
- Paris’s CAC 40 rose over 1% midday, led by gains in Stellantis and Renault on renewed trade optimism.
- Investors are preparing for second-quarter financial reports from more than 100 S&P 500 companies, with Alphabet and Tesla set to publish after Wednesday’s U.S. market close.
- Nasdaq and the S&P 500 reached record highs earlier this week, and investors are now seeking clarity from fresh corporate results and trade developments.
- The European Central Bank is expected to hold its deposit rate at 2.0% on Thursday, and markets will evaluate its commentary for insights on trade impacts and future monetary policy.