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Global stock markets largely surged Monday following a trade deal between the EU and the US, averting higher tariffs. Asian markets showed mixed results, with Tokyo's Nikkei falling due to uncertainty surrounding a Japan-US trade truce. The EU-US agreement, announced after a meeting between Trump and von der Leyen, involves a 15% tariff on most EU exports to the US. US futures and oil prices also rose ahead of US-China trade talks in Stockholm. However, some individual companies experienced losses, such as Intel, which announced job cuts. The Federal Reserve's upcoming interest rate meeting is another key focus this week.

Prepared by Christopher Adams and reviewed by editorial team.