While U.S. markets remained closed Monday for Memorial Day, European equities surged after President Donald Trump agreed to delay a planned 50% tariff on European Union imports, easing investor concerns and reviving risk appetite.
In a Sunday phone call with European Commission President Ursula von der Leyen, Trump confirmed that the tariffs, which had been slated to take effect on June 1, will be pushed back to July. The decision opens a window for further negotiations aimed at avoiding a disruptive escalation in transatlantic trade tensions.
The Eurozone’s STOXX 50 index, mirrored by …