Stocks Rise on Trade Hopes Before a Major Week – Europe Market Wrap

Equities rose as signals that the US and China were nearing a trade agreement fuelled confidence at the start of a busy week that would also see the Fed and earnings from tech titans affect markets.

S&P 500 futures rose 0.9%, putting the benchmark on track to extend its record run, after US and Chinese officials announced a series of agreements ahead of Trump’s meeting with Xi. Nvidia gained 2.3% in premarket trade, leading the Magnificent Seven megacaps. Nasdaq 100 contracts climbed 1.3%.

Gold and Treasuries fell across the curve as demand for conventional safe havens declined. Copper, a leading indicator of global economic growth, has approached an all-time high. The Dollar fell against all major currencies except the Swiss In Europe, Spain’s stock index surpassed a 2007 high.

Separately, Treasury Secretary Bessent announced that the candidates for the future Fed chair have been whittled down to Waller, Warsh, Hassett, Bowman, and Rieder.

Traders will be looking ahead to a busy week of central bank announcements, including rate decisions from the Fed, the ECB, and the BoJ.