From Yahoo Finance: 2025-05-26 03:28:00

European shares started the week positively, rebounding after Trump delayed a 50% tariff threat on the EU. The STOXX 600 index closed 1% higher, led by the automobiles and parts index. Defence companies boosted the index, while German stocks rose 1.7%. Luxury stocks also gained amid optimism for EU-U.S. trade talks.

Trump’s tariff extension to July 9 eased market concerns, causing the euro to rise. Moody’s downgrade on the U.S. economy is prompting investors to limit exposure to U.S. assets. Trading volumes were light due to public holidays, but U.S. stock futures were up over 1%.

Thyssenkrupp surged 8.8% after reports of a shareholder meeting on August 8 to approve a warship division spin-off. The company did not comment immediately.

Read more: European stocks recover after Trump delays EU tariffs in hopes of deal