Global Stocks Jump as US Prez Delays 50% EU Tariffs

Global markets climbed on Monday and the euro rallied after US President Donald Trump kicked his threat to slap 50% tariffs on European Union (EU) goods into July, marking another temporary trade policy reprieve.

- Agencies

LONDON/SINGAPORE/PARIS: Global markets climbed on Monday and the euro rallied after US President Donald Trump kicked his threat to slap 50% tariffs on European Union (EU) goods into July, marking another temporary trade policy reprieve.

MSCI's broadest index of world shares rose 0.2%. The pan-European stocks index, last up 0.9%, recovered to where it was trading before Trump on Friday unexpectedly called for 50% tariffs on European goods, saying negotiations with the region had become too sluggish.