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The US and the EU have concluded a surprise trade agreement, so that the proposed rates are concluded in two and causes a global market. Investors cheered what many saw as a de-escalation of global economic tensions.
After months of rising tensions fed by tariff threats, the United States and the European Union have finally concluded a framework trade agreement that illuminates the fear of a full economic impasse.
Announced in the Golf Resort of Donald Trump in western Scotland, followed the deal at a meeting of an hour with EU president Ursula von der Leyen.
It imposed an import rate of 15% on most EU goods, half of the originally endangered rate.
A break in the tariff wars
The movement marks a clear de-escalation in transatlantic trade tensions. Together, the US and the EU are good for almost a third of the world trade, making this agreement a meaningful reset in increasingly uncertain economic times.
Trump told the same thing, Trump said Reuters”
“I think this is the biggest deal ever made.”
Following similar sentiments, Von der Leyen added,
“We have a trade agreement between the two largest economies in the world, and it is a major problem. It is a major problem. It will bring stability. It will bring predictability.”
Impact on the traditional and crypto market
Unnecessary to say that markets responded quickly to the announcement of a definitive US EU trade agreement.
The S&P 500 streamed Beyond 6,400 Mark, while Futures connected to the Dow Jones rose with 180 points and the Nasdaq 100 won 0.4%.
The renewed risk was not limited to shares alone.
Bitcoin [BTC]Also saw an immediate response, breaking through the $ 120,000 for the first time in almost two weeks earlier sedimentation Slightly lower at $ 119,551.88.
Source: Coinmarketcap
Ethereum [ETH] Also gained a grip, with more than 3.5% in the last 24 hours to trade around $ 3,930, while Binance Coin [BNB] Registered a daily increase of 7%, according to Mint market cap.
Despite the renewed optimism in both shares and crypto, the market was not without victims.
In the last 24 hours alone, more than 94,542 traders were liquidated, which amounts to losses of more than $ 255.81 million, as per Coinglass -Data.
The crypto fear and greedy index tapped up to 67, from 64 the day before, return To last week’s “greed” area.
That has risen from 64 the day before and reflects levels that were seen last week.
‘Stare risks’ removed, but how long?
Thomas J. Lee, the CIO & Portfolio Manager at Fundstrat Capital, saw these shifts and went to X and noted”
“This removes a negative” cat risk “event = good for shares.”
This is a sharp contrast to 7 July, when Bitcoin fell below $ 108,000 after Trump had imposed 25% rates on import from Japan and South Korea, which activated widespread tickles.
This time the softer attitude towards Europe is read as a stabilizing gesture, not disturbing, making it possible to be the stage for more sustainable advantage.