From Yahoo Finance: 2025-05-26 14:44:00

U.S. stock futures and European shares rose after Trump delayed EU tariffs. He initially planned 50% tariffs on June 1 but extended the deadline to July 9 after speaking with European Commission President. Futures tied to major U.S. indexes were up over 1%. European stocks gained 1%, with U.S. markets closed for Memorial Day.

European Commission President expressed readiness to swiftly advance talks to secure a good deal. Analysts predict the EU may aim for a 10% “baseline” tariff agreement with the U.S. European stocks expected to remain strong as investors view Europe as a relative haven amid U.S. uncertainty. Both U.S. and European stocks fell on Friday due to Trump’s tariff threat.

The dollar held steady, while the British pound rose 0.2% against the dollar. The U.K. has less exposure to trade uncertainty after unveiling an outline trade deal with the U.S. Japan’s Nikkei 225 rose 1%, but Hong Kong’s Hang Seng Index fell 1.4%. Chinese auto stocks dropped after Tesla rival BYD offered discounts, sparking industry fears of a price war.



Read more at Yahoo Finance: U.S. Stock Futures, European Indexes Rise on Trump’s EU Tariff Climbdown