After the US-EU trade agreement, stocks are on the rise, and the euro is showing some solid gains.

SINGAPORE, July 28 (Reuters) - Global stocks climbed and the euro strengthened on Monday, buoyed by a trade agreement between the United States and the EU that lifted spirits and brought some much-needed clarity ahead of a week packed with crucial policy meetings from the Federal Reserve and the Bank of Japan. The U.S. has established a framework trade agreement with the European Union, setting a 15% import tariff on most EU goods—half of what was initially threatened—just a week after reaching a trade deal with Japan that reduced proposed tariffs on auto imports. If you want to stay updated, the Reuters Daily Briefing newsletter has all the news you need to kick off your day. Sign up here. Countries are racing to finalize trade agreements before the August 1 deadline set by U.S. President Donald Trump, with discussions between the U.S. and China scheduled for Monday in Stockholm, where there's hope for another 90-day extension of the truce between the world’s two largest economies. "A 15% tariff on European goods, mandatory purchases of U.S. energy and military equipment, and no tariff retaliation from Europe—that's not negotiation, that's just the art of the deal," remarked Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities. "It's a significant win for the U.S." S&P 500 futures rose by 0.4%, and Nasdaq futures gained 0.5%, while the euro strengthened against the dollar, sterling, and yen. European futures jumped nearly 1%. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.27%, just shy of the nearly four-year high it reached last week. Meanwhile, Japan's Nikkei dipped 0.8% after hitting a one-year high last week. Although many in Europe may still view the baseline 15% tariff as too steep—especially compared to their initial hopes for a zero-for-zero tariff deal—it’s certainly better than the previously threatened 30% rate. The U.S.-EU agreement brings clarity to businesses and helps prevent a larger trade war between these two allies, which together account for nearly a third of global trade.

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