Dow futures and the dollar surge as Wall Street cheers U.S.-China tariff talks

• Financial markets give their first reaction In tariff talks between US and China on the weekend. While not yet announcing any part of the tariffs, the White House mentioned in an agreement to answer “mechanism” to be established for future trade discussions and economics.

Investors weighed on Sunday at first US-China dealer talks This weekend as the two sides are progressing progress without saying about tariffs.

Futures for bow Average Jones industry jumped at 401 points, or 0.97%. S & P 500 futures covering 1.15%, and Nasdaq The futures have improved 1.45%.

Dow Futures lost a small juice after President Donald Trump posted on social media he plans to sign an executive order at Cut the prescription price to the drugpredict that they will go down by 30% -80%.

The dollar rally 0.1% against euros and 0.25% against yen. Gold, emerging as a favorite safe haven asset of dollars, dropped 2% to $ 3,273 per ounce.

Treasury’s 10-year harvest arrives without 1 standard point of 4.382%. US oil prices rise 0.57% to $ 61.37 per gun, and crude launches ented up 0.49% to $ 64.22.

“I’m glad to report that we have a lot of progress between the United States and China in more important trading talks,” adding that there are many details to come on Monday.

Trade Representative Jamieson Greer, who also participated in the negotiations of a Chinese-headed delegation led by the vice premier life, suggested a type of deal.

“Just remember why we are in the first place – the United States has a big $ 1.2 Tarnies of the trade,” we have been dealing with our emergency partners, and we trust our emergency, “

Later, China says both countries have agreed to create “consultation mechanisms” for future discussions about trade and economic issues, while also increasing talks in talks.

art Not expecting comprehensive trading deals This week, but positive comments from US and China suggest that they are at least de-excalated tension Tnovion, after China hit 145% of duty with 125% of duty.

Today, the result of Tariff talks appear to be “a wide structure of where both countries can conduct additional talks,” according to Michael Brown in Spincerstonist.

“Not the worst result in case possible from the weekend talks, away from it, but not a concrete agreement,” he wrote a note.

Like Wall Street watch more details of Tariff Talks on Monday, key economic reports are also required in the coming week.

Publish in the Labor Department The Consumer Price Index on Tuesday and its producer index on Thursday, to provide additional signs of inflation as the tariffs began to hold the last month.

Reports for monthly marketing together and manufacturing industry is also scheduled for Thursday. Many Federal Reserve officials will speak the entire week, after central bank rates steadily last week and indicated that it has not been rushed to adjust rates.

This story originally shown Fortune.com

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