Emmanuel Macron announced business deals worth €9 billion in Vietnam, the first leg of his week-long tour of Southeast Asia, as Europe tries to boost ties with the free-market communist state. But first, European stocks rallied and the euro hit a one-month high against the US dollar after Donald Trump walked back from his threat of new, 50% tariffs on EU imports, giving until July 9th to reach a trade deal. It's unclear how the two sides can iron out fundamental differences during that window.