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

Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.

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,