While the European Union has been granted a deadline to negotiate with the United States on tariffs, European equity markets are expected to open higher on Monday.

The President of the Republic Emmanuel Macron arrived Sunday evening in Hanoi in Vietnam, the first stop on his Southeast Asia tour which will continue in Indonesia and Singapore until Friday. On this occasion, the low-cost airline Vietjet Air announced on Monday an order for 20 Airbus A330-900 wide-body aircraft.
According to data from broker IG, the CAC 40 futures contract was up by 1.5%, around 7:40am.

After the European Union obtained a reprieve for the entry into force of 50% tariffs for products exported to the United States, stock futures suggest an increasing openness in Europe. According to data from broker IG, the DAX 40 futures contract in Frankfurt gained 1.5%, while the FTSE 100 in London jumped 0.8%, around 7:40am.

EU President Ursula von der Leyen said that the European block was “ready to move discussions forward quickly and decisively.”

US President Donald Trump said on Sunday that the United States was delaying the implementation of tariffs on EU imports until July 9, after threatening on Friday to impose 50% tariffs on the EU from June 1. The new date, July 9, is important because this is when Donald Trump's so-called “reciprocal” tariffs, which he announced in April, will resume if no new American trade agreement is negotiated by countries around the world.
Faced with these trade tensions, the Dow Jones index lost 0.6% on Friday, to 41,603.07 points, and the S&P 500 gave up 0.7%, to 5,802.82 points. The Nasdaq Composite lost 1% to 18,737.21 points. Over the whole of last week, the S&P 500 fell by 2.6%, while the DJIA and Nasdaq dropped 2.5%.
In Asia, the Nikkei 225 index on the Tokyo Stock Exchange rose by 1% on Monday at the end of trading. The Shanghai Composite Index fell by 0.2%, while the Hang Seng of the Hong Kong Stock Exchange lost 1.2%.

US Treasuries will not be traded on Monday. U.S. financial markets are closed for Memorial Day.

The greenback gained 0.1% against the Japanese currency, at 142.68 yen. Around 7:40 a.m., the euro advanced by 0.4% to 1.1408 dollars.

In a context of continuing tensions in the Middle East, oil rose slightly. The Israeli military said on Sunday that it planned to take control of 75% of the Gaza Strip within two months. The prospects of a wider conflict in the Middle East could have implications for oil supplies in the region.

The July contract for soft light crude (WTI) listed on Nymex rose 26 cents (+0.4%) to $61.79 per barrel. Around 7:40 a.m., the July contract for North Sea Brent traded in London took 24 cents, or 0.4%, to 64.45