Global markets are roaring back to life after the United States and China agreed to a significant reduction in tariffs over the weekend, sparking a powerful rally in major stock indexes worldwide. The agreement, struck during high-stakes negotiations in Switzerland, has investors optimistic about the economic outlook, despite lingering geopolitical concerns.
Analysts at Wedbush expressed their bullish sentiment, saying, “This is a huge positive in the right direction for the markets, and more progress has come out of these Swiss talks than even the bulls were hoping for heading into Friday night,” according to The Wall Street Journal.
Early trading showed a surge across U.S. markets. By 8:40 a.m. ET, Dow Jones futures had climbed more than 1,100 points, while the S&P 500 and Nasdaq were up 3 percent and 4 percent, respectively, according to CNN.
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