Overview

• President Trump reset the date for 50% tariffs on EU goods from June 1 to July 9 after a weekend call with European Commission President Ursula von der Leyen.
• Wall Street’s main indexes jumped: the Dow rose 1.8%, the S&P 500 advanced 2.1% and the Nasdaq Composite gained 2.5% on May 27.
• US consumer confidence improved in May for the first time in six months, according to the Conference Board.
• Treasury yields eased after the tariff pause, with the 10-year rate falling to about 4.44% and the 30-year dipping below 5%.
• The EU has submitted detailed US investment plans to support trade negotiations and markets will also look to Nvidia’s earnings report for potential catalysts later this week.