The whole world appreciated the recent decision of Donald Trump to postpone a $200 billion increase in tariffs on China’s imports. The tariffs’ hike was scheduled on March 1, however, this deadline was shifted as the US-China negotiations recently had been going smoothly.
This move of the US president brought a relief to the financial world, and the positive news started coming from around the globe. Thus, the European and Asian stock markets rallied amid progress in the talks between the two superpowers. Moreover, such US indexes as the Dow Jones, the Nasdaq, and the S&P 500 perked up as well. However, automakers and metallurgical companies showed the best results. Furthermore, the futures on the US shares that are part of the Europe Stoxx 600 grew as well. At the same time, the Shanghai stock index hit its highest level since 2015, while the yuan went up to 6.69 from 6.72 against the US dollar. Experts believe, the results of the negotiations eased a tensed up market sentiment in a number of countries.
