The Market Brief
US stock futures rose during early trading after the European Union and President Trump came to terms on a trade agreement, further easing fears of a damaging trade war.
Macro Viewpoint
It’s a packed week with earnings reports and key economic data on deck.
The S&P 500 has already notched 14 record closes this year, capping off a flawless 5-for-5 streak last week. That momentum came on the back of encouraging trade developments, strong Q2 earnings, and a bit more clarity on the policy front out of Washington.
After bouncing back from April’s dip, markets are finding support in the latest trade agreement and indications that the US-China truce could hold.
That sense of optimism, however, will be put to the test this week as investors digest key economic data, updates from the Fed, and earnings reports from some of the biggest names in tech—all of which could influence the broader outlook for both markets and the global economy.
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