European governments and companies reacted with both relief and concern on Monday to the framework trade deal struck with President Donald Trump, acknowledging what was seen as an unbalanced deal but one that avoided a deeper trade war.

Investors cautiously embraced news of a trade deal Sunday between the U.S. and European Union, a move that is expected to bring clarity for companies and some certainty to markets ahead of Friday's tariffs deadline.

Global stocks are largely rising Monday, a day after the European Union reached a trade deal with President Donald Trump and calmed investor concerns of an escalating trade war.

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox. German auto companies in particular were in for a great deal of export pain, as their share prices indicated. Shares…

London stocks were set to rise at the open on Monday after the US and the EU struck a trade deal.