$BTC Dow Jones Future jumps 2% with agreement between the US and China to reduce tariffs

US and China agree to reduce tariffs for 90 days.

The New York futures indices are trading sharply higher this Monday (12), after the US and China agreed on a temporary reduction of tariffs during negotiations held over the weekend in Switzerland.

On this week's agenda, the highlight is the release of important economic indicators, such as the Consumer Price Index (CPI) and Producer Price Index (PPI), in addition to data on retail sales, industrial production, and consumer confidence.

See the performance of the futures markets:

Dow Jones Future: +2.03%

S&P 500 Future: +2.61%

Nasdaq Future: +3.51%

European markets:

European markets started the week higher, boosted by the White House announcement that the United States and China reached an agreement to reduce tariffs.

STOXX 600: +0.41%

DAX (Germany): +0.51%

FTSE 100 (United Kingdom): -0.08%

CAC 40 (France): +0.58%

FTSE MIB (Italy): +1.01%

Commodities

Oil prices rose this Monday after positive signs in the trade negotiations between the US and China, with both sides praising the progress made over the weekend — which reinforced expectations of a possible resolution to the dispute between the two largest global consumers of crude oil.

Iron ore prices in China closed higher following the agreement between the US and China to reduce tariffs.

WTI Oil, +2.28%, at $62.41 per barrel

Brent Oil, +2.11%, at $65.26 per barrel

Iron ore traded on the Dalian exchange, +3.16%, at 718.50 yuan ($99.28)

Bitcoin

Bitcoin (BTC), -0.23% at $104,291.85 (compared to the price 24 hours ago).