#TradeWarEases

⚡ Earthquake in the markets.. Historic agreement between America and China on a mechanism for tariffs ⚡

- U.S. stock futures rose on Monday after the announcement that the United States and China reached an agreement to significantly reduce their comprehensive 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, with Washington reducing tariffs on China to 30% and Beijing cutting 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 will be a new monthly reading of consumer prices in the United States, which may shed some light on the impact of the 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 30% to 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 consumers may be moving towards a resolution of their dispute.