European stocks rise after Trump delays 50% tariffs on EU 

Deadline extended to July 9 after call with European Commission president Ursula von der Leyen

European stock index futures gained after US president Donald Trump said he would extend the deadline for the European Union to face higher tariffs, as investors weigh the prospects for a longer-term trade deal. Picture: AP Photo/Manuel Balce Ceneta

European stocks gained after President Donald Trump said he would extend the deadline for the region to face higher tariffs, as investors weigh the prospects for a longer-term trade deal.

The Stoxx Europe 600 Index gained 1.0% at 1.24pm (12.24pm Irish time) in Madrid, with all sectors in the green and technology and industrial goods and services stocks leading the gains. Trading volumes were 57% lower than the 30-day average as the UK stock market was closed for a holiday. US markets also are closed.