After the United States and the European Union reached a trade protocol, investors expect that when the market reopens on Monday, automobile manufacturers and luxury goods manufacturers will lead a wave of relief pump in the European stock market. On Sunday, U.S. President Trump announced the protocol after meeting with European Commission President Ursula von der Leyen. Under the protocol, most of the EU's export products (including automobiles) will face a 15% tariff. The EU leader stated that the tax rate is comprehensive, but Trump said it does not include pharmaceuticals and metals. John Plassard, chief strategist at Cité Gestion, stated that this protocol "is sufficient to release what the stock market needs most: predictability." He said, "The risk of further tariff increases has now been eliminated, and a major macro adverse factor has disappeared. For investors, this is not only a sigh of relief but also a green light signal."

TRUMP-2.64%
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