European futures are trading higher, with optimism growing following U.S. President Donald Trump’s announcement of a potential “major” trade deal.
Eurostoxx futures are up by 0.7% in early European trading.
German DAX futures have gained 0.6%.
UK FTSE futures have increased by 0.7%.
The upbeat sentiment comes ahead of Trump’s scheduled speech at 1400 GMT, where he is expected to elaborate on the details of the trade deal. Reports suggest the deal may involve the UK, though the specifics remain unclear. While there is anticipation surrounding the announcement, some market observers caution that it may not live up to the hype.
Meanwhile, S&P 500 futures are also showing a modest gain of 0.6%, as investors await more information and consider the potential impact on global markets.
Market participants will be closely watching how Trump frames the trade deal and whether the optimism can sustain the current market rebound throughout the week.
