European stock markets opened with gains on Monday after a positive response to the delay in a potential 50% tariff on goods from the European Union by the United States.
On Friday, markets finished in the red following U.S. President Donald Trump’s threat to implement these tariffs starting 1 June.
However, over the weekend, Trump held phone discussions with European Commission President Ursula von der Leyen, leading to an agreement to delay any action at least until 9 July.
In Brussels, the Bel20 index rose approximately 1.3% shortly after the market opened on Monday. Similarly, the CAC 40 in Paris and the AEX index in Amsterdam climbed over 1%.
