Global stocks rose and the euro firmed on Monday after a tradeagreement between the United States and the EU lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of Japan.

The euro rose on Monday following a framework trade deal reached over the weekend between the United States and the European Union.

U.S. President Donald Trump announced a new trade deal with the European Union, imposing a 15% tariff on EU imports while the EU commits $600 billion in U.S. investments. This follows a similar deal with Japan,

The European Union and the U.S. are moving toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to another major trade agreement on the heels of the one he just unveiled with Japan.

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."