TechFlow news, July 28 — According to Jinshi Data, following the trade agreement between the United States and the European Union, investors expect automakers and luxury goods manufacturers to lead a relief rally in European stocks when markets reopen on Monday. On Sunday, U.S. President Trump announced the deal after meeting with European Commission President von der Leyen. Under the agreement, most EU exports—including automobiles—will face a 15% tariff. The EU leader described the rate as comprehensive, but Trump stated it excludes pharmaceuticals and metals.
John Plassard, strategy head at Cité Gestion, said the deal is “sufficient to release what stock markets need most: predictability.” He added, “The risk of further tariff increases has now been removed, eliminating a major macroeconomic headwind. For investors, this is not just a sigh of relief—it’s a green light.”
