Major European bourses started the week in positive territory after President Trump announced a delay in the planned 50% tariff on the European Union, extending the deadline to July 9.
The move came following a phone call with European Commission President Ursula von der Leyen, who stated that "Europe is ready to advance talks swiftly and decisively," but noted that "a good deal" would require time, "until July 9.
Under the reciprocal tariff framework announced in April, the EU had been facing a 20% levy, which was temporarily reduced to 10% through the new deadline. Autos, banks, chipmakers, and luxury goods stocks were among the session's top performers.
Source: Trading Economi
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