Stock index futures pointed to a higher open to start the week Monday after the U.S. and the European Union struck a trade deal. But gains have been fading through the monring. Nasdaq 100 futures (US100:IND) +0.

The deal includes a 15% tariff on most European goods entering the U.S., similar to agreements between Trump and other major trading partners.

The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.