#TradeWarEases

⚡#أنفجار In the markets.. A historic agreement between America and China on a customs duty mechanism ⚡

- U.S. stock futures rose on Monday after the announcement that the United States and China reached an agreement to significantly reduce their overall tariffs.

- Dow Jones futures rose by 785 points, or 1.9%, and S&P 500 futures increased by 142 points, or 2.5%, while Nasdaq 100 futures climbed by 689 points, or 3.4%.

- The United States and China agreed to halt the escalation of tariffs imposed on each other for 90 days, with Washington reducing tariffs on China to 30% and Beijing lowering its tariffs on U.S. imports to 10%, according to a rare joint statement issued by the two countries following high-level trade talks over the weekend.

- At the forefront of this week's economic calendar is a new monthly reading of consumer prices in the United States, which could shed some light on the impact of recent trade tensions.

- Shares of pharmaceutical companies fell after Trump announced plans to sign an executive order aimed at reducing prescription drug prices in the United States by between 30% and 80%.

- Oil prices rose as the announcement of the trade agreement between China and the United States raised hopes that the world's largest crude oil users may be heading toward a resolution of their dispute.