‘Risk-on’! Stocks bounce as EU and Japan trade deals give markets the certainty they crave

Photo: Mikolaj Tempka, a high-flying FMX rider, performs a gravity-defying stunt mid-air during the Red Bull Target Jumping at the Wielka Krokiew ski jump hill in Zakopane, Poland, on April 5, 2025. This event is the first-ever Red Bull Skoki w Punkt team ski jumping competition. (Credit: Marcin Golba—NurPhoto/Getty Images)

• Markets rallied as the U.S. moved closer to trade deals with Japan and the EU, bringing more certainty after months of President Trump’s volatile tariff threats. The S&P 500 hit a new record, and futures are up prior to the opening bell. Stocks rose across Europe and Asia this morning. With uncertainty easing, investor risk appetite has increased, according to Deutsche Bank and Goldman Sachs.

The S&P 500 delivered yet another new record high yesterday, closing up 0.8% at 6,358.91. S&P futures are calling for more gains this morning. Markets in Europe, Japan, and China are all up this morning.