The US and Europe have reached a trade protocol, and automotive stocks may lead the rise in European stocks.

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