Global Markets Strike Back: rally on tariff talks ongoing

A rebound on global stock markets is gathering pace, tracking hopes that talks between the US and China could prevent any escalation of the trade dispute between the two countries. The brief situations for the markets today looks like this: European bourses rise as sentiment improves on hopes for tariff talks while Wall Street futures point to strong opening gains. In Asia: Japan stocks fight back from six-month lows as Asian equities bounce back and South Korea steel stocks rally on hopes for exemptions from tariffs.

JPY and Swiss franc slip from highs and Oil prices edge lower due to China and USA supply data we talked earlier today. The improving mood is helping London’s FTSE 100 up 0.5%. Frankfurt’s Xetra Dax 30 is 0.8% higher, and the Europe-wide Stoxx 600 0.6%

U.S. stock market futures were up more than 1% on Monday, boosted by reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.

Wall Street’s main indexes surged 1.5 percent at the open on Monday after reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.

The Dow Jones Industrial Average (DJI) rose 394.94 points, or 1.68%, to 23,928.14. The S&P 500 (SPX) gained 40.73 points, or 1.58%, to 2,628.99. The Nasdaq Composite (IXIC) added 136.21 points, or 1.95%, to 7,128.87.

Sources: 

https://www.ft.com/content/ebe542fa-309a-11e8-b5bf-23cb17fd1498

https://www.investing.com/news/stock-market-news/stock-futures-jump-on-report-of-uschina-trade-talks-1361319

https://www.dailyfx.com/real-time-news?ref=SubNav

https://www.investing.com/news/stock-market-news/stocks-wall-street-surges-as-china-us-negotiate-trade-1361727