Global Stocks Rise as U.S.-Japan Trade Deal Boosts Sentiment; Tech Earnings in Focus – Europe Market Wrap

The record-breaking run in global stocks got fresh fuel after the US reached a trade deal with Japan, easing concern about the tariff war as traders turn their attention to earnings from US tech giants.

S&P 500 futures added 0.3% and the Stoxx 600 gained 0.9%, buoyed by automakers on hopes that the European Union will ink its own accord with the US. Treasuries were poised to end a five-day winning run as demand for havens waned.

The trade optimism contrasted with a batch of disappointing results from companies including Texas Instruments. The big tech names – Tesla and Alphabet – come after the close.

Analysts will be studying the latest quarterly earnings from big tech for signs of resilience in a sector that has driven the rebound in US equities. Nasdaq 100 futures pointed to small gains at the open.

After months of uncertainty, Trump’s latest tariff deals have given some clarity on the new trade landscape. The agreement with Japan sets tariffs on the nation’s imports at 15%, including for autos – by far the biggest component of the trade deficit between the countries.

Japan’s Topix Index closed up 3.2%, while Toyota shares climbed the most since 1987.

EU Readies €100 Billion No-Deal Plan to Match US 30% Tariff.