CNBC Daily Open: Markets are already looking past U.S.-EU trade deal and need another catalyst

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend.

The S&P 500 ticked up, but by the barest margin, while the Stoxx 600 Europe fell. Both indexes were trading higher during their respective sessions but had given up those gains as the day ended.

For those on the continent, perhaps it was a dawning realization that the agreement wasn’t too much in their favor. German Chancellor Friedrich Merz and France’s minister for Europe, Benjamin Haddad, expressed a desire for more open trade.