Global investors are cheering a thaw in the trade war sparked by US President Donald Trump\u2019s massive tariffs, which have roiled financial markets, disrupted supply chains and stoked recession fears.<\/p>\n
Stock markets around the world rose Monday after the United States and China agreed to drastically roll back tariffs on each other\u2019s goods for an initial 90-day period.<\/p>\n
Hong Kong\u2019s Hang Seng index was up 3.4% late afternoon local time.<\/p>\n
In Europe, Germany\u2019s DAX index and France\u2019s CAC were 1.2% and 1% up respectively early in the trading session. London\u2019s FTSE index rose 0.3%.<\/p>\n
US futures were also up. The Dow was set to open 2.1% higher, while futures in the S&P 500 and tech-heavy Nasdaq were trading 2.7% and 3.6% higher respectively.<\/p>\n
The US dollar strengthened early Monday following the breakthrough in trade talks. The ICE dollar index, which measures the greenback\u2019s strength against a basket of major currencies, rose 1.3% to $102.<\/p>\n
Brent crude, the global oil benchmark, was trading 2.8% higher.<\/p>\n
\u201cThis is buying time for a more comprehensive deal \u2013 allows for time for the process and \u2018mechanism\u2019 in the words of Treasury Secretary Bessent to take place,\u201d Neil Wilson, a strategist at investment platform Saxo Markets, wrote in a note Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Global investors are cheering a thaw in the trade war sparked by US President Donald Trump\u2019s massive tariffs, which have roiled financial markets, disrupted supply chains and stoked recession fears. Stock markets around the world rose Monday after the United States and China agreed to drastically roll back tariffs on each other\u2019s goods for an […]<\/p>\n","protected":false},"author":123457,"featured_media":10929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22],"tags":[3503],"class_list":["post-10928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-us-china-trade"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10928"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10928\/revisions"}],"predecessor-version":[{"id":10930,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10928\/revisions\/10930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/10929"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}