Global financial markets experienced one of their strongest rallies of the year on Monday. The S&P 500 index surpassed the 6,400-point mark, while Bitcoin climbed back above $120,000. The key catalyst? A surprise announcement by President Donald Trump confirming a breakthrough trade agreement with the European Union.
🛃 Trump Slashes Tariffs, Markets Celebrate
The United States and the EU agreed to reduce looming tariffs from 30% to 15%, avoiding a potential trade escalation. The news immediately sparked futures market gains:
🔹 Dow Jones +180 points
🔹 Nasdaq 100 +0.4%
🔹 S&P 500 futures +0.3%
Bitcoin surged in response, breaking through $120,000 for the first time in nearly two weeks. It now trades just $3,000 below its all-time high.
💼 A High-Stakes Week Ahead
Wall Street faces a packed week full of market-moving events:
🔹 Earnings reports from major tech firms
🔹 A closely watched Federal Reserve meeting
🔹 Trump’s tariff deadline on August 1
🔹 Key inflation data on the horizon
Markets already ended last week strong. The S&P 500 closed at a new record of 6,388.64 points, and the Nasdaq hit an all-time high of 21,108.32.
🪙 Bitcoin, Gold and Commodities Rally
Bitcoin isn’t the only asset on the rise.
Gold remains stable near $3,335/oz, having gained over 25% since the start of the year. According to CFTC data, fund managers have raised bullish gold positions to their highest level in 16 weeks, signaling continued demand for safe-haven assets.
🌐 Europe Flat, Asia Awaits US Momentum
European markets reacted with mixed signals:
🔹 Italy (FTSE MIB) +0.31%
🔹 Sweden (OMXS30) +0.23%
🔹 Denmark and Finland posted slight gains
🔹 Germany, France, Netherlands were flat
🔹 UK and Spain posted minor losses
Meanwhile, Asia-Pacific markets showed caution:
🔹 Hong Kong’s Hang Seng +0.49%
🔹 China’s CSI 300 remained flat
🔹 Japan’s Nikkei -0.85%
🔹 Australia’s ASX 200 +0.2%
All eyes now turn to Monday’s US-China trade talks in Stockholm.
#bitcoin , #BTC , #stockmarket , #crypto , #S&P500
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