CHINA TRADE TALKS: Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, meanwhile, are meeting with Chinese officials in Stockholm for another round of trade talks ahead of an Aug. 12 deadline for steep tariffs on both U.S. and Chinese goods to go into effect.

President Trump has announced a trade agreement with the European Union. CBS News' Olivia Rinaldi and Javier David have details on the deal.

Asian equities were mostly higher overnight as Vietnam and Indonesia outperformed while Japan and India underperformed. Hong Kong and Mainland China were both higher overnight on high volumes as health care stocks outperformed,

France denounced the trade agreement between the European Union and the U.S. as a "submission" on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington.