Wall Street surges over 1% at the open

US stock indices rose on Tuesday as trading resumes following a bank holiday, with a lull in US-EU trading tensions. 

US President Donald Trump said he decided to delay the timing of his 50% EU tariffs until July 9.

It came after a request from European Commission President Ursula von der Leyen to give negotiators more time to reach a deal.

Otherwise, Minneapolis Fed President Neil Kashkari said he prefers to take a cautious approach when dealing with interest rates, as the impact of Trump’s tariffs remains unclear. 

On trading, Dow Jones rose 1.1% as of 15:21 GMT to 42046 points, while S&P 500 gained 1.5% to 5889 points, as NASDAQ surged 1.9% to 19,107 points.