American futures contracts record strong profits after commercial concerns have been reduced
After the United States and China announced an agreement to reduce customs duties, futures contracts for US stock indicators on Monday jumped on Monday, which helped to reduce the fears of a comprehensive trade war that influenced the global markets.
US Treasury Secretary and Scott Beses said the two sides agreed that the trade action had been suspended within 90 days after discussing with Chinese officials in Geneva. As a result, American commercial actor Jimson Zarer said that the United States has agreed to reach 115 degrees Celsius by 115 degrees Celsius to 115 degrees Celsius, but China has agreed to reduce its rate on American goods to 10 percent.
“This development is a key moment in the dynamics of global trade,” said Aaron Hill, chief analyst of FB markets.
However, in the 90 -day timetable customs duties, these cuts indicate a stage of negotiations than a permanent solution, which increases uncertainty about chronic trade policies.
By 4:08 AM EST, the Dow Jones industrial indicators increased by 822 points; That is, 1.99 percent, and the standard & poor 500 index 141.75 points; That is, 2.5 percent, and the Nasdaq 100 index at approximately 666.25 points; That means 3.31 percent.
Futures of the “Russell 2000” index for smaller companies also increased 3.5 percent.
The Chicago Exchange Exchange fluctuations index, called “Fear Scale” on Wall Street, fell to less than 20 points from the end of March to 20.37 points.
Most shares of major companies and growth companies have settled in pre -trading; Shares of “Invidia” were up 4.6 per cent and Tesla’s shares were up 6.7 per cent. Shares of electronic chips, such as “Advanced Micro Device” and “Marvel Technology”, were up 4.9 percent and 7.5 percent respectively.
The agreement between the United States and China came a few days after the limited trade agreement between the United States and the United Kingdom, which contributed to the reduction of the mutual duties imposed by US President Donald Trump on April 2, which adversely affects global trade and leads to global economic stagnation.
By the end closure, the 500 index of the Standard & Poor had been able to replace its losses from April 2, which supported some positive gains and trade optimism.
Wal -Mart is expected to reveal its financial results this week for the Cisco and Agricultural Equipment Industry for the retailer giant, the network equipment industry. It follows the issuance of retail inflation data on Tuesday, followed by producers’ price and retail price data two days later.
Its President Jerome is expected to make public statements during the week, including Jerome Powell.
