European equities cheer US-EU trade deal to kick start the new week

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Eurostoxx +1.0%Germany DAX +0.8%France CAC 40 +1.1%UK FTSE +0.4%Spain IBEX +0.8%Italy FTSE MIB +0.8%The worst case scenario is avoided as the EU concedes in order to try and make the best out of a bad situation. That said, lawmakers are adamant that they will be seeking better terms and that this is a "temporary" agreement. However, it might be one that they could have to endure all through Trump's term as president. We'll have to wait and see on more actual details but for now, 15% baseline tariffs look to be the name of the game. This article was written by Justin Low at investinglive.com.