On July 28, Jin10 reported that the United States and Europe reached a trade protocol on Sunday. Peel Hunt Chief Economist Kallum Pickering stated: "People want to bet that the US will reach a series of agreements. These agreements may not necessarily be favourable, but the uncertainty is worse. After a slight rise in the European market tomorrow, attention will turn to Canada and Mexico. Any signs that they can reach agreements like today will be enough to stimulate 'risk appetite' sentiment." Panmure Liberum strategist Joachim Klement commented: "The stock market may rise on this news, but at best this is a temporary favourable information. In fact, Americans will pay higher tariffs for product imports and face soaring inflation and slowing economic growth in the second half of the year. Meanwhile, the tariffs faced by the EU are higher than those for the UK, which will give UK exporters an advantage over their European competitors."
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Analyst: The stock market pump brought by the US and Europe may just be a stimulant, attention shifts to Mexico.
On July 28, Jin10 reported that the United States and Europe reached a trade protocol on Sunday. Peel Hunt Chief Economist Kallum Pickering stated: "People want to bet that the US will reach a series of agreements. These agreements may not necessarily be favourable, but the uncertainty is worse. After a slight rise in the European market tomorrow, attention will turn to Canada and Mexico. Any signs that they can reach agreements like today will be enough to stimulate 'risk appetite' sentiment." Panmure Liberum strategist Joachim Klement commented: "The stock market may rise on this news, but at best this is a temporary favourable information. In fact, Americans will pay higher tariffs for product imports and face soaring inflation and slowing economic growth in the second half of the year. Meanwhile, the tariffs faced by the EU are higher than those for the UK, which will give UK exporters an advantage over their European competitors."