Major US stock indexes were set to open higher after President Donald Trump announced a delay on tariffs imposed on the European Union

Trump's announcement to postpone the deadline for trade talks with the European Union has led to a significant increase in optimism in financial markets. The price of gold fell more than 2%, while the yield on 10-year US government bonds fell to 4.473%, after holding at or above 4.5% for most of last week. The postponement of tariffs also led to an increase in global demand for government bonds.