European stock markets kicked off a new trading week on a high note after the announcement from the White House that the US and China have agreed to reduce tariffs.
The Stoxx Europe 600 gained 1.1% in early trading on Monday. The UK FTSE 100 opened roughly 0.6% higher, while in Germany, the DAX saw a jump of about 1.6%. In France, the CAC 40 increased by 1.3%.
It’s a somewhat quiet day for businesses and data releases, but there’s been some activity regarding latest revenue reports that came out on Monday.
US Treasury Secretary Scott Bescent mentioned that discussions with China were “very productive” on Monday.
The agreement to pause most tariffs for a 90-day period suggests a potential easing of trade tensions between the world’s two largest economies.
US stock futures jumped Sunday evening, with markets in the Asia-Pacific region also rising after the White House announced a “trade contract” with China.
Nasdaq futures pointed to a profit of 3.6%, while S&P 500 futures climbed over 2.8%. The Dow was predicted to rise by about 1,000 points or 2.3%.
