Morning Brief US-EU reach trade deal, tech earnings, Tesla-Samsung chip pact
US stocks rise as the US and EU reach a significant trade deal: the EU accepts a 15% tariff on most exports to the US and will lower levies on key American products. The agreement includes a $750 billion EU energy purchase and $600 billion in US investments, boosting US defense stocks. Investors are watching a massive week for tech earnings with Apple (AAPL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) all reporting. The Fed is widely expected to hold rates steady this week, while Tesla (TSLA) inks a $16.5B chip supply deal with Samsung (005930.KS). Cheniere (LNG), Galaxy Digital (BRPHF), and Heineken (HEIA.AS) are trending.
Takeaways:
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US and EU agree to trade deal, energy and defense stocks surge
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Apple, Amazon, Meta, and Microsoft headline a massive week for earnings
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Tesla signs $16.5B chip deal with Samsung to power self-driving push
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