The record rally in US stocks looks set for more gains after the European Union reached a trade deal with President Donald Trump, further easing fears of a damaging trade war.
Futures for the S&P 500 rose 0.4% after the index notched five successive all-time highs last week. Contracts for European stocks gained 1% after the deal, which imposes 15% tariffs on most of the bloc’s exports. The MSCI All Country World Index traded at a record while Asian shares were flat. The euro strengthened against the dollar. Crude oil edged 0.3% higher. Treasuries and a gauge of the greenback were steady.