The dollar jumped Monday on the back of the US-EU trade deal struck on the weekend, but European stock markets dipped, reflecting unease at terms viewed as lopsided.

New York's main indices were mixed, with the Dow opening lower, while the broader S&P 500 rose, and the tech-heavy Nasdaq extended its bullish run.

In Europe, Paris and Frankfurt dipped, wiping out early gains.

London -- which is outside the EU -- also slid.

The European Commission defended the deal it negotiated on behalf of the bloc as "better than a trade war with the United States" -- and better than the 30 percent tariffs President Donald Trump had been threatening.

But several EU countries expressed unhappiness with the agreement's 15 percent tariffs on most EU exports to the United States -- but with no extra ones on US goods entering the EU.

French Prime Minister Francois Bayrou slammed the deal as a "dark day" for Europe. Spanish Prime Minister Pedro Sanchez said he backed it, but "without any enthusiasm".

"While the deal has avoided a much worse outcome for now, it remains to be seen whether it will last," cautioned Jack Allen-Reynolds, a eurozone economist at Capital Economics.

He........

© International Business Times