Investors kick off a hectic week with stocks moving mostly lower after a U.S.-European Union trade deal, with a Fed meeting, jobs data and a deluge of corporate earnings on deck.

As European markets experience a wave of cautious optimism due to potential EU-U.S. trade agreements and steady interest rates from the European Central Bank, investors are closely monitoring opportunities for stable returns amidst economic uncertainties.

The FTSE 100 is set to bounce a little after falling with other European stocks yesterday. Futures are up 0.2%. The pound is nearly flat for the session but has slipped well below $1.34 again following a rally for the dollar on Monday afternoon.

The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.

U.S. stock futures rose Friday after the Nasdaq closed at a new record Thursday. European shares fell in line with Asia amid uncertainty regarding Fed interest rates.

Easing tariff concerns could fuel a breakout in European equities after months of market stagnation, according to Barclays analysts.

President Donald Trump later said that he wouldn’t go below 15% as a floor for the so-called reciprocal tariffs ahead of the deadline on August 1, and suggested that some levies may go as high as 50%. Speaking at an AI summit on Wednesday, Trump said: