Stock markets across Asia held near flat on Monday as President Trump extended his threat to impose 50% tariffs on EU goods from June 1 to July 9, providing a temporary reprieve in his tumultuous trade policy. MSCI’s broad Asia‑Pacific ex‑Japan index slipped just 0.07%, while European futures jumped over 1.5%.
Trade Deadline Extension Calms, Yet Reminds of Uncertainty
Trump’s decision to push back the EU tariff deadline follows European Commission President Ursula von der Leyen’s request for more time to “reach a good deal.” Market participants can track these critical policy dates—like the July 9 deadline and upcoming U.S.–EU negotiations—using the Economics Calendar API, which aggregates global trade‑talk events, tariff rollouts, and central‑bank meetings.
Euro Rallies on Tariff News and U.S. Growth Concerns
The euro surged against the dollar on Monday, buoyed by the tariff delay and shifting investor allocations toward Europe and Asia amid recession fears in the U.S. Euro‑dollar traders saw EUR/USD climb above 1.10, a move you can monitor in real time via the Forex Daily API, which delivers end‑of‑day and intraday currency pair data across global markets.
