European Commission President von der Leyen said this is positive for transatlantic trade, making trade more predictable, expanding options and delivering lower prices for EU businesses and consumers.

US ISM manufacturing PMI 53.3 in June, vs 54 expected and 54 in May.

S&P Global's final Germany manufacturing PMI rose to 50.3 in June from 50.1 in May, slightly above the preliminary 50.0, signaling marginal expansion. Output growth accelerated and new orders recovered modestly. S&P Global Market Intelligence deputy chief economist Phil Smith said firms are still partially relying on backlogs to sustain output, which is unsustainable, and early deliveries pose a downside risk. Elevated prices and uncertainty could weigh on near-term growth, and the outlook for prices will hinge on developments in the Middle East.