Eurostoxx futures +1.5% in early European trading

• German DAX futures +1.4%

The early moves are pointing to a solid bounce back from the Friday drop, which was also triggered by Trump. At the time, he said he was going to press the EU with 50% tariffs on 1 June. And earlier today, he said that he is now going to delay that to 9 July in favour of negotiations in the meantime. US markets might be closed but S&P 500 futures are seen up 1.0% currently.

This article was written by Justin Low at www.forexlive.com.