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The Breakfast Briefing: Tariff Delay Pushes U. S. Futures & Global Stocks Higher
FYI: Global stocks rallied on Monday after President Trump said he would delay a planned increase in tariffs on Chinese goods, averting an escalation in trade tensions and allaying many economists’ biggest concern for global growth in the coming months.
Asian stocks led the market higher with the Shanghai Stock Exchange gaining 5.6%, Hong Kong’s Hang Seng Index up 0.5% and Japan’s Nikkei ticking up 0.5%. In Europe, the Stoxx Europe 600 was up 0.2% in morning trading.
Futures pointed to opening rises for the Dow Jones Industrial Average and the S&P 500 of 0.4% and 0.3%, respectively. Regards, Ted
