India, July 28 -- Stocks are likely to move to the upside in early trading on Monday, extending the upward trend seen over the past several sessions. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent.
The upward momentum on Wall Street comes amid news the U.S. and the European Union struck a last-minute trade agreement and reports suggested the U.S. and China are likely to extend their tariff truce for another 90 days.
The U.S.-EU agreement includes a 15 percent tariff on European goods, down from the 30 percent originally proposed.
The EU has also committed to purchasing $750 billion worth of U.S. energy and investing $600 billion more into the American e...