08:18 AM EDT, 07/28/2025 (MT Newswires) -- US equity futures were cautiously higher pre-bell Monday, with investor sentiment buoyed by weekend media reports that the US and EU have struck a trade deal.

Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.4% higher.

The trade deal includes a 15% tariff on most imports from the EU, including automobiles, media outlets reported.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.6% at $68.75 per barrel and US West Texas Intermediate crude 1.7% higher at $66.27 per barrel.

The July Dallas Fed Manufacturing Survey is due for release at 10:30 am ET.