Major US stock markets advanced after investors reacted positively to a temporary suspension of tariffs on technology products. President Donald Trump delayed duties on consumer electronics, though he confirmed the tech sector would eventually face new levies. Shares of Apple and Dell rose by 2.20% and 4%, respectively. Automakers also benefited, with Ford, GM, Stellantis, and Rivian gaining between 3% and 6%, following Trump’s suggestion of potential relief from 25% auto tariffs.

European markets ended sharply higher on Monday in response to Trump's decision to temporarily halt retaliatory tariffs on a variety of tech items. The Eurozone's STOXX 50 climbed 2.40% to close at 4 901, while the STOXX 600 rose 2.60%, ending at 4 995. The suspension includes the 10% base tariff for all nations, although a 20% duty on Chinese imports remains. Trump also reiterated that tariffs on phones, computers, and other popular electronics would still be implemented, with semiconductor levy details to be revealed soon.

In energy markets, WTI crude oil futures hovered around $61 per barrel, fluctuating amid mixed signals. Hopes for increased Iranian oil exports, following "constructive" nuclear negotiations, added downward pressure. Meanwhile, OPEC revised its 2025–2026 oil demand forecast downward by 100 000 barrels per day due to weaker consumption projections linked to US tariffs. Nonetheless, it still expects annual demand to grow by 1.3 million barrels per day. Though President Trump offered temporary exemptions on Chinese tech imports, he indicated that further tariffs would be announced, maintaining market uncertainty.

Asian markets also rallied. The Hang Seng surged 2.40% to close at 21 417 — its highest level in two months — driven by broad-based buying and a 2.30% gain in the tech sector, thanks to the US tariff reprieve. Japan’s Nikkei rose 1.18%, recovering from earlier losses as the exemption of consumer electronics from new US tariffs improved investor sentiment.

In currency markets, the South African rand strengthened on Monday. It was supported by reports suggesting the ruling party might reconsider plans to raise VAT, along with broader dollar weakness. By 17h45, the rand was trading at R18.89 to the US dollar.