Financial Markets Daily Report28 juliol 2025
Markets ended the week with a mixed session. Optimism over trade deals continued to support U.S. equity markets, sending the S&P 500 and the Nasdaq to new record highs, while euro area stocks ended mostly lower as investors traded cautiously awaiting news of a trade deal. Sovereign yields were little changed after the ECB meeting and Trump's visit to the Fed.
Over the weekend, the U.S. and the EU announced a deal that sets a baseline tariff of 15% on all EU goods, including cars, pharmaceuticals, and semiconductors, but steel and aluminum remain at 50% until a quota-based agreement is reached. The EU agreed to purchase $750 billion in U.S. energy over three years and boost investment in the U.S. by $600 billion.
This week will be heavy on data releases, including 2Q GDP figures for Spain (Tuesday), Portugal (Wednesday), the euro area (Wednesday), and the U.S. (Wednesday), as well as preliminary July inflation figures for the Eurozone (Friday). The Fed will hold its FOMC meeting this week and is widely expected to hold rates once again (see our take here).