Markets Rally as Trump Delays EU Tariffs
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European shares went up on Monday. U.S. futures also went up after news from Trump. Trump said he would wait on tariffs from the European Union.
Trump talked with Ursula von der Leyen on Sunday. She wants to make real deals, said Trump. The EU negotiator said they had good talks with Trump. The EU wants a trade deal by July 9.
Last week, Trump said trade talks were bad. He said tariffs could start on June 1. But markets liked the news that tariffs were delayed.
The S&P 500, Dow Jones, and Nasdaq all increased. Germany's DAX and France's CAC 40 also increased. Markets in Britain were closed for a holiday on Monday.
The Nikkei in Tokyo and Kospi in Seoul increased in Asia. But most other markets in Asia went down. The Hang Seng in Hong Kong and the Shanghai Composite fell.
Questions
What happened to European shares on Monday?
European shares went up on Monday.
Who did Trump talk to about trade deals?
Trump talked with Ursula von der Leyen.
What did the markets in Britain do on Monday?
Markets in Britain were closed for a holiday on Monday.
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