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Stocks are surging after Trump strikes a truce in the US-China trade war

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'Trump and Xi gave investors what they wanted at the G20 meeting in Osaka this Saturday: hope.'

Stocks surged on Monday after President Donald Trump and Chinese leader Xi Jinping struck a truce in the US-China trade war. Trump agreed to ease restrictions on Chinese tech giant Huawei's US technology purchases and hold off on extending tariffs to virtually all Chinese good, while Xi pledged to buy an unspecified amount of US farm products and resume trade talks.

Stocks surged on Monday after President Donald Trump and Chinese leader Xi Jinping struck a truce in the US-China trade war. Trump agreed to ease restrictions on Chinese tech giant Huawei's US technology purchases and hold off on extending tariffs to virtually all Chinese good, while Xi pledged to buy an unspecified amount of US farm products and resume trade talks.

 

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European stocks seen sharply higher after US-China trade truceEuropean markets are expected to surge at Monday's open after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on additional tariffs in a bid to reignite trade talks.
Source: CNBC - 🏆 12. / 72 Read more »