Japan Stocks Rise on Monday as US-EU Trade Deal Eases Tensions

MT Newswires Live
07-28

Japanese stocks edged up at open Monday, buoyed by a newly struck trade agreement between the US and the European Union that imposes a 15% tariff on most EU exports, easing fears of a prolonged trade conflict.

The Nikkei 225 climbed 59.68 points at open, reaching 41,515.9.

Investors are also awaiting key events this week, including the latest US jobs report and earnings releases from tech giants Apple, Amazon, Microsoft, and Meta-all members of the "Magnificent Seven."

At home, Japanese Prime Minister Shigeru Ishiba has reaffirmed his commitment to remain in office despite increasing pressure from within the ruling party for his resignation.

Meanwhile, the Bank of Japan is expected to hold interest rates steady later this week, with traders closely watching for any hints on future monetary policy direction.

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