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European equity indices opened higher on Monday, buoyed by relief that U.S. President Donald Trump has delayed his proposed 50% tariffs on European Union imports. This move has eased concerns over a potential trade war between two of the world\u2019s largest economies and fueled optimism across European markets.<\/p>\n\n\n\n
As of 07:35 GMT, Germany\u2019s DAX index<\/strong> rose 1.4%<\/strong>, while France\u2019s CAC 40<\/strong> climbed 1%<\/strong>. Both the U.K. and U.S. markets were closed for public holidays.<\/p>\n\n\n\n Trump announced on Friday that he would implement a 50% tariff on EU imports starting June 1, citing frustrations with trade negotiations. However, by Sunday, the president signaled a change of heart, stating on Truth Social<\/strong> that he had agreed to postpone the tariffs until July 9<\/strong> after discussions with European Commission President Ursula von der Leyen<\/strong>.<\/p>\n\n\n\n Von der Leyen responded positively, posting on X that the EU is ready to proceed with trade talks \u201cswiftly and decisively.\u201d<\/p>\n\n\n\n The tariff postponement lifted investor sentiment, particularly in sectors most exposed to transatlantic trade, including automotive and energy.<\/p>\n\n\n\n German carmakers\u2014highly sensitive to trade tariffs\u2014led gains in European stocks on Monday. Shares of Mercedes Benz Group AG<\/strong> rose over 1.7%<\/strong>, Bayerische Motoren Werke AG (BMW)<\/strong> gained more than 1.3%<\/strong>, and Volkswagen AG<\/strong> advanced around 1.7%<\/strong>.<\/p>\n\n\n\n Crude oil prices ticked higher on Monday, supported by the improved trade outlook. As of 03:28 ET, Brent Oil Futures<\/strong> rose 0.06% to $64.3 per barrel<\/strong>, while West Texas Intermediate (WTI)<\/strong> gained 0.08% to $61.61 per barrel<\/strong>.<\/p>\n\n\n\n However, gains were capped by continued oversupply concerns, with OPEC+<\/strong> reportedly considering a production hike in July, potentially adding 411,000 barrels per day<\/strong> to global supply.<\/p>\n\n\n\n Austrian utility and environmental services company EVN AG<\/strong> posted robust first-half results for the 2024\/25 fiscal year, sending its shares up over 3%<\/strong>. The firm maintained its full-year profit forecast of \u20ac400 million to \u20ac440 million<\/strong> and confirmed a dividend payout of no less than \u20ac0.82 per share<\/strong>. EVN\u2019s diversified portfolio and higher energy consumption supported its growth.<\/p>\n\n\n\n Amid ongoing tariff uncertainty and geopolitical risks, Citi<\/strong> raised its near-term gold price target to $3,500 per ounce<\/strong>, up from $3,300<\/strong>. The bank expects gold to trade within a range of $3,100 to $3,500<\/strong>, driven by the risk of escalating trade conflicts and strong safe-haven demand.<\/p>\n\n\n\n However, Citi cautioned that gold\u2019s long-term outlook remains less certain, citing potential shifts in economic growth, equity market trends, and Fed policy moves ahead of the U.S. midterm elections. The bank also noted that household gold holdings are at a 50-year high<\/strong>, which could limit further upside.<\/p>\n\n\n\n Citi maintained its short-term targets for platinum<\/strong> at $1,050<\/strong> and palladium<\/strong> at $900<\/strong> per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":" European equity indices opened higher on Monday, buoyed by relief that U.S. President Donald Trump has delayed his proposed 50% tariffs on European Union imports. This move has eased concerns over a potential trade war between two of the world\u2019s largest economies and fueled optimism across European markets. As of 07:35 GMT, Germany\u2019s DAX index …<\/p>\n","protected":false},"author":9,"featured_media":70012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-114818","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114818"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114818\/revisions"}],"predecessor-version":[{"id":114819,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114818\/revisions\/114819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70012"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump Delays 50% EU Tariff, Easing Trade Tensions<\/h3>\n\n\n\n
German Automakers Rally on Trade Relief<\/h3>\n\n\n\n
Oil Prices Edge Up as Tariff Delay Lifts Market Mood<\/h3>\n\n\n\n
EVN AG Shines on Strong H1 Results<\/h3>\n\n\n\n
Citi Raises Short-Term Gold Target to $3,500<\/h3>\n\n\n\n