Markets Reacted To Trump's Trade War Pause

U.S. index futures rose significantly.

Markets are in an upbeat mood after talks on a trade deal between the U.S. and China brought encouraging progress, writes New Voice.

According to Markets businessinsider, U.S. index futures rose significantly:

Futures on the S&P 500: +1.4% to 5756.25.

Futures on the Dow Jones: +415 points or +1% to 41,738.00.

Nasdaq 100 futures: +2% to 20,529.25.

The S&P 500 Index has nearly recovered to pre-Leave Day levels. On April 2, it fell 10% in two days after Trump announced new tariffs against dozens of countries. The index is now about 6% below its February record of 6144.

"The stock market seems to have factored in the reduction in geopolitical tensions," said analyst Ed Yardeni.

The rise in risk appetite has driven down safe haven assets:

Gold (spot): -1.3% to $3,282.04 an ounce.

USD/JPY: +0.3% to 145.81.

USD/CHF: +0.3% to 0.8333.

Asian stock markets also posted gains, though investor caution limited the extent of the rise:

Nikkei 225: +0.1% to 37,519.80.

Kospi: +0.5% to 2,589.48.

ASX 200: +0.2% to 8,245.5.

Hang Seng: +0.6% to 23,006.1.

CSI 300: +0.6% to 3,869.8.

"Advancement in trade talks clearly supports risk markets. However, there remains a risk of disappointment if no significant Chinese tariff cuts follow," Nomura analysts said.

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