Global Daily: Nice talks and good calls

Yesterday, European stock markets reversed Friday’s losses, after Trump delayed the deadline for a 50% tariff on EU goods imported into the US. Late on Sunday, he postponed the deadline for the hike to 9 July, after a “very nice phone call” with European Commission President Ursula von der Leyen. So he said. According to VDL’s spokesperson, the EU and US agreed to “fast-track” calls, but we're still in the dark as to whether talks will lead anywhere. In other news, China reportedly continues to focus on manufacturing and bolstering the international use of the yuan, likely complicating the talks between China and the US. In Europe it was the ECB's Lagarde that asked for policies to strengthen the international role of the euro.