On Monday, Wall Street Stock Futures rose, dollars rose and gold prices saw a decline. The main reason for this was a mutual co -respect in America and China over the talks on trade and tariffs. America and China have agreed to ban 90 days of heavy tariffs on each other’s goods. American trade representative Jemisson Greer said that the US has agreed to reduce the tariff rate of 145 percent on Chinese goods to 30 percent, while China has agreed to reduce its tariff on US goods to 10 percent.
After a weekend conversation in Geneva, Switzenland, both sides agreed. This led to a 3% increase in futures tracking Wall Street’s S&P 500 index. The contracts that followed the Nasdaq 100 index jumped by 3.8%, which the index saw its best trading day after more than a month.
Dow Jones Industrial Average Futures increased by 2.45%. The index, tracking the dollar as compared to other major currencies, saw an increase of 0.9%. Equity markets ranged from Hong Kong to Frankfurt.
3 percent rose in crude futures
Brent crude oil futures rose by about 3% to $ 65.69 per barrel. American West Texas Intermediate (WTI) crude futures rose 3% to $ 62.90. Germany’s DAX share index rose by 1.5% in early European trading to record high. Italy’s Ftse Mib reached its highest level since 2007.