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With the announcement of a trade deal between the United States and Europe, investors anticipate that European stocks, particularly automakers and luxury goods companies, will open higher on Monday. The agreement outlines a 15% tariff on EU car exports but excludes pharmaceuticals and metals from these tariffs. In response to the deal, the euro appreciated as investors viewed it as a step towards resolving tariff uncertainty and enhancing market predictability. Nonetheless, some analysts caution that the gains might be temporary, as the fine details and long-term implications of the agreement are yet to be fully understood. Furthermore, the market is closely monitoring the performance of beverage manufacturers, shipping firms, and U.S. defense and energy stocks.
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