STOXX 600 jumps as Trump's EU tariff deadline extension boosts sentiment

European shares surged on Monday, poised to recoup the previous session's losses on relief after U.S. President Donald Trump delayed his threat to impose a 50% tariff on the European Union. The pan-European STOXX 600 index rose 1% by 0710 GMT. The benchmark lost 0.9% on Friday after Trump unexpectedly called for sharp tariffs on goods from the EU, saying that negotiations with the region were not moving fast enough.