01:15 PM EDT, 07/28/2025 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index shedding 0.8% and the Financial Select Sector SPDR Fund (XLF) down 0.5%.

The Philadelphia Housing Index was down 0.1% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 0.9%.

Bitcoin (BTC-USD) was declining 1.2% to $118,024, and the yield for 10-year US Treasuries was rising 2 basis points to 4.41%.

In economic news, the US and EU have reached a framework for a trade agreement, according to media reports. In the US-EU trade framework deal that involves nearly one-third of global trade, the US plans to levy a 15% tariff on EU goods imports, less than half of certain rates that had been under discussion. The world's largest trading bloc and the US' biggest trading partner has also agreed to buy $750 billion of US energy over three years.

The Dallas Fed's monthly manufacturing index rebounded to a reading of 0.9 in July from minus 12.7 in June, compared with expectations for a smaller increase to a reading of minus 9.5 in a survey compiled by Bloomberg.

In corporate news, Deutsche Bank ( DB ) has been selected to refinance the redevelopment of London's Olympia exhibition center with a 1.25 billion euro ($1.67 billion) loan, media outlets reported Monday. Deutsche shares were falling 2.8%.