FX.co ★ US Futures Surge on US-China Trade Deal

U.S. stock futures surged Monday following the Trump administration's announcement of a significant trade agreement breakthrough with China, which emerged from weekend negotiations in Switzerland. Futures connected to the Dow and S&P 500 increased by more than 1%, while Nasdaq 100 futures climbed nearly 2%. Treasury Secretary Scott Bessent characterized the discussions over the two days with Chinese officials in Geneva as "productive," promising that further information would be disclosed during a briefing on Monday morning. At present, China is subjected to high U.S. tariffs of 145%, with Beijing countering with a 125% levy on American goods. Despite advancements with China, Commerce Secretary Howard Lutnick mentioned that the 10% baseline tariff on other nations is likely to "remain in place for the foreseeable future." Additionally, investors are closely monitoring critical economic data scheduled for release this week, including U.S. consumer inflation statistics on Tuesday, followed by retail sales and producer price index data on Thursday, as they evaluate the initial economic impact of the trade conflict.