Stock markets and the dollar advanced Monday after the European Union and United States struck a deal to avert a damaging trade war.Britain, which had already struck a deal on tariffs with the United States,

"I think it's the biggest deal ever made," Trump said of the new agreement, which will reduce the bloc's tariff rate to 15 percent.

Global stocks rose and the euro appreciated on Monday after a trade agreement 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.