India, July 28 -- Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
U.S. President Donald Trump announced on Sunday that and EU have 'reached a deal' as per which America will impose a 15% tariff on products coming into the country from EU.
"We have reached a deal. It's a good deal for everybody," Trump said. EU chief Ursula von der Leyel also reportedly hailed a 'good deal' with America.
In an interaction with media in Scotland, Trump announced that the EU had pledged additional investm...