US President Trump can be seen on a screen at the Frankfurt Stock Exchange in front of the DAX curve.
Boris Roessler | Picture Alliance | Getty Images
European shares opened firmly in positive territory on Monday, as investors reacted to U.S. President Donald Trump delaying the roll out of 50% tariffs on the European Union.
The pan-European Stoxx 600 gained around 1% shortly after the opening bell, with all sectors in positive territory.
The French CAC 40 added 1.3%, while Germany’s DAX was 1.8% higher during early trade. U.K. markets are closed for a public holiday.
European autos stocks rebounded from a 3% loss in the previous session to trade 1.7% higher on Monday morning. The industry is particularly sensitive to the threat of U.S. tariffs, given that vehicles and machinery are the EU’s biggest export to the United States.
German carmakers saw broad gains, with BMW up 1.4%, Mercedes-Benz gaining 1.5%, and Volkswagen jumping…
