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European stocks on a bright note on Monday, as traders built up fresh positions at several counters across various sectors, reacting to U.S. President Donald Trump deciding to postpone the implementation of 50% tariffs on the European Union goods to July 9 from June 1.<\/p>\n
The U.S. President has decided to pause the levy following a call from EU Commission President Ursula von der Leyen.<\/p>\n
“The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9,” Von der Leyen wrote on X.<\/p>\n
The economic and earnings calendars were blank, and the U.S. President’s delay proved a strong enough trigger for investors to pick up stocks.<\/p>\n
The pan European Stoxx 600 climbed 0.99%. Germany’s DAX climbed 1.68% and France’s CAC 40 gained 1.21%. The UK market remained shut for Bank Holiday. Switzerland’s SMI ended 0.97% up.<\/p>\n
Among other markets<\/span> in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Spain and Sweden closed higher.<\/p>\n Czech Republic, Russia and Turkiye ended weak.<\/p>\n In the German market, Rheinmetall climbed about 3.3%. Siemens, Heidelberg Materials, Fresenius Medical Care, MTU Aero Engines, Continental, Volkswagen, Brenntag, Commerzbank, BASF, Adidas, Daimler Truck Holding, Mercedes-Benz, RWE, BMW, Zalando, Sartorius and Siemens Healthineers gained 2 to 3%.<\/p>\n In the French market, Stellantis rallied nearly 5% and ArcelorMittal climbed about 4.3%. Societe Generale gained 4%, while Teleperformance ended nearly 3.5% up.<\/p>\n STMicroElectronics, Saint Gobain, Pernod Ricard, Essilor, Safran, Thales, Airbus Group, BNP Paribas, Schneider Electric, Capgemini, Accor, TotalEnergies, Unibail Rodamco and Michelin advanced 1.3 to 3%. <\/p>\n<\/p>\n<\/div>\n