As it's usually the case for Mondays, we don't have much on the agenda today. There's just the Dallas Fed Manufacturing index being released, but it's a volatile data and almost never a market-moving report. The focus will remain on trade deals ahead of the August 1 (Friday) deadline. We got the US-EU deal over the weekend with the 15% tariff rate as ceiling. This is pretty much what was expected as tariff rates will settle within the 10-20% range. This trade has been going since April 9 and we are reaching a peak. Nonetheless, the trend for risk assets should remain intact until we get some new catalyst that will either increase the momentum or trigger a mean-reversion trade. This article was written by Giuseppe Dellamotta at investinglive.com.