US. The shares were ready to rally on Monday with Dow futures up to 500 points after the US and…
US. The shares were ready to rally on Monday with Dow futures up to 500 points after the US and China agreed to call a guardian for their trade war over the weekend, which led to relief purchases of perceived risky assets as shares.
Oil prices climbed almost 5%, while the dollar tumbled.
Dow Jones Industrial Average Futures
YMZ8, + 2.00%
increased 539 points, or 2% to 26,077. S & P 500 futures
ESZ8, + 1
jumped 53.95 points, or 2% to 2.812.25. Nasdaq-100 futures
NQZ8, + 2.57%
saw even bigger gains, up 176 points or 2.5% to 7.125.50.
On Friday the S & P 500 index
SPX, + 0.82%
increased 0.8% to 2.760.17 while the Nasdaq Composite Index
COMP, + 0.79%
was added 0.8% to 7.330.54. Dow Industrials
YMZ8, + 2.00%
climbed 199.62 points, or 0.8% to 25.538.46.
Both the S & P 500 and Nasdaq logged their best weekly results since December 2011, while the blue chip index presented its strongest week since November 2016.
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A trade-off between the United States and China saw a breakthrough at the G20 meeting in Argentina, a collection that included a highly anticipated dinner between President Donald Trump and Chinese leader Xi Jinping. The two sides agreed to open negotiations to chill trade tensions and discuss forced transfer, intellectual property protection, non-tariff barriers, cyber and agricultural issues, among other things.
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If these talks do not succeed, the planned $ 200 billion scheduled Chinese goods will increase to 25% from the current 10%, an increase due to kick in early 2019. China also said it would buy a “very large “amount of agricultural, energy and industrial products from the United States.
Trade optimism transferred to other assets with crude oil