By Ronnie Harui

Asian stock markets were mixed in early trade Monday as investors await more clarity about the U.S.-EU trade agreement.

President Trump said he reached a trade agreement on Sunday with the European Union, avoiding a damaging trade war with the U.S.'s largest trading partner. Trump said the U.S. would set a baseline tariff of 15% for European goods. He also said the EU had agreed as part of the deal to buy $750 billion of energy products from the U.S. and invest an additional $600 billion in the U.S.

"More adverse scenarios seem to have been avoided, for now, and this is excellent news," said Carsten Brzeski, global head of Macro at ING, in a research report. "But whether everything will now be 'big and huge' still remains to be seen. Let's not forget, particularly in trade, only a signed deal is a deal," Brzeski added.

Australia's S&P/ASX 200 Index edged 0.2% higher, while Japan's Nikkei Stock Average shed 0.3%, and South Korea's Kospi Index was little changed.

Futures tied to U.S. equity indexes rose. The eMini NASDAQ 100 futures added 0.5%, the eMini S&P futures gained 0.3%, and the eMini Dow futures was 0.3% higher.

Front-month WTI crude oil futures rose 0.3% to $65.37 a barrel and front-month Brent crude oil futures were 0.3% higher at $68.65 per barrel. Meanwhile, spot gold was 0.1% lower at $3,333.69 per troy ounce.

Write to Ronnie Harui at ronnie.harui@wsj.com

(END) Dow Jones Newswires

July 27, 2025 20:34 ET (00:34 GMT)

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