European markets staged a recovery on Monday in response to Donald Trump delaying the imposition of EU tariffs.
While data showed the ongoing market chaos was forcing the majority of UK firms to amend their investment plans, markets across Europe jumped after Trump pushed back his planned 50% tariffs.
The Times reports the Dax in Germany rose 1.7% to 24,027.65, while the Cac 40 in France rose 1.2% to 7,828.13.
Markets in America and Britain were closed for Memorial Day and the spring bank holiday, respectively, but the futures market for the S&P 500 and Nasdaq both rose by more than 1%.
Meanwhile the pound reached a three-year high against the dollar, nearing $1.36.
And gold dropped 0.6% to $3,337 per ounce with the tariff pushback reducing demand for the asset, which is seen as a safe haven amid the market turmoil.
The date of imposition of Trump's threatened 50% EU tariffs has been pushed back to its original deadline of July 9 to allow for further talks.