#TradeWarEases Earthquake in the markets.. Historic agreement between America and China on a mechanism for customs duties ⚡

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

- Dow Jones futures rose by 785 points, or 1.9%, S&P 500 futures increased by 142 points, or 2.5%, and Nasdaq 100 futures rose 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, as Washington reduced its tariffs on China to 30% and Beijing cut its tariffs on U.S. imports to 10%, according to a rare joint statement issued by the countries following high-level trade talks over the weekend.

- This week, the economic calendar will feature 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 might move towards resolving their dispute.