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French stocks fell 0.69 percent, while German and British benchmarks were up less than 1 percent.
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The benchmark is up 2.6percentthis yearar.
Revenue per seat, an industry benchmark, was up 7.7%.
So far this year, 376 stocks in the benchmark are up, but 124 are down.
West Texas Intermediate, the US benchmark, is up 4.4% at $53.78.
Brent crude, the international benchmark, was up nearly 2% to $74.47 £56.122) a barrel, shortly after the agreement was announced.
For example, if a benchmark is up 5percentt and Convexity is up 11percentthethe fund is entitled to 20percentt of the profit on the 6 percent difference.
The first market reaction to the tariff announcement has come in Australia where the ASX200 benchmark is up 0.13%, or 8 points, to 5,946 in the first few minutes of trading.
The world stock market, which I take as my benchmark, was up 33%.
In the past 12 months the rise has been 50%, while a world bank benchmark is up just 8%.
Some analysts are calling for China's market to cool, especially since the corresponding long benchmark was up over 100% at one point in 2007.
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