Stocks continue rebounding as Trump strikes deal with NATO allies

European stock markets are continuing to climb higher following the news that US President Donald Trump has managed to strike a deal with other NATO allies which have committed to raise their defence spending beyond 2% of GDP. Trump reiterated his stance that the US commitment to NATO remains very strong. Moreover, the US President has given more hope to investors announcing that trade talks with the EU will begin on 25 July. As far as the trade row is concerned it's worth adding that the Chinese commerce ministry denied earlier revelations that both feuding countries had been in touch about restarting negotiations. As of 12:50 pm BST the DAX (DE30) is gaining 0.6% while the SP500 futures are moving up 0.6% as well.