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US-EU trade deal eases tariffs, boosts Asian shares except in Japan; US-China truce may extend.
Asian shares rose on Monday as the US and EU struck a trade deal setting a 15% tariff on EU goods, down from 30%, and the EU committed to purchasing $750 billion in US energy and investing an additional $600 billion in the US. However, Japanese markets fell due to profit-taking. The US-China trade truce is expected to be extended for another 90 days. This week, markets will also watch the Federal Reserve's interest-rate decision and earnings reports from major tech companies.
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