US pre-open: Futures higher following EU trade deal
By Iain Gilbert
Date: Monday 28 Jul 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell after Donald Trump revealed that the US and EU had struck a trade agreement.
As of 1300 BST, Dow Jones futures were up 0.06%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.13% and 0.85% firmer, respectively.
The Dow closed 208.01 points higher on Friday as strong Q2 earnings and trade deals between the US and the likes of Japan and Indonesia gave sentiment a boost.
Trump said on Sunday that the White House had reached an agreement with the European Union to lower tariffs to 15%, down from the president's previous threat of 30% tariffs on most imported goods from America's largest trading partner.
Quarterly earnings from more than 150 S&P 500 constituents were set for release this week, including 'Magnificent Seven' firms Meta Platforms and Microsoft on Wednesday, followed by Amazon and Apple on Thursday.
On Monday's macro slate, the Dallas Federal Reserve's July manufacturing business index will be published at 1530 BST.
Traders will also await the outcome of the Federal Reserve's monthly policy meeting, which concludes on Wednesday, with the central bank expected to keep interest rates at their current target range of 4.25% to 4.5%, and June's personal consumption expenditures price, the Fed's preferred measure of inflation, set for release on Thursday.
Reporting by Iain Gilbert at Sharecast.com
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