(Bloomberg) — U.S. and European stock futures jumped as America and China agreed to proportionally roll back tariffs on each other’s goods. Havens including Treasuries and the yen slipped.Contracts on the S&P 500 climbed after a Chinese Ministry of Commerce spokesman said the economic superpowers had agreed to roll back tariffs in phases, potentially providing a road-map to a deal to end the trade war. Equities in Japan closed with marginal gains, while shares in Hong Kong rebounded after the news. Earlier in the session, traders had focused on signs that a preliminary trade agreement may not happen this month …read more
Source:: Yahoo Finance
