The United States and China have agreed a deal to temporarily slash reciprocal tariffs as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and set financial markets on edge. Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary…

GENEVA >> The U.S. and China said on Monday they agreed to temporarily slash their steep tariffs on each other, sending global stocks and the U.S. dollar surging as the world’s top two economies tapped the brakes on a trade war that had fed fears of a global recession.

Top indexes in New York rebounded when markets opened on Monday, joining peers in Europe that have been making gains.

Forecasters downgraded the predicted chances of a recession after Monday's surprise trade deal between the U.S. and China, but the economy isn't out of the woods just yet.

The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears. The two sides said they would provide details Monday.

The two sides have agreed to reduce tariffs by 115pc.

Investors welcomed the conciliatory tone at US-China trade talks over the weekend aimed at cooling a trade war between the world's two largest economies and dispelling some

Nike (NKE) stock is holding onto its gains deep into Monday's morning session. The broad US stock market is surging following the Trump administration's pause on sky-high China tariffs.

Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world's two economic superpowers will step back from a punishing trade war.

NEW YORK: Wall Street stocks finished solidly higher Monday (May 12), cheering an announcement that the United States and China sharply de-escalated a trade war that has rattled global markets. Major in

The stock market surged higher on Monday after President Donald Trump released details surrounding progress on U.S.-China trade talks.

LONDON: Stock markets, the dollar and oil prices rallied on Monday (May 12) after Chinese and US officials slashed tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that

The countries agreed in a joint statement to bring their triple-digit tariffs down to two figures.

Dow Jones Industrial Average soared 1,000 points, while the S&P 500 and  Nasdaq jumped as investors reacted to news of a U.S.-China trade deal

Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.

The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets.

WASHINGTON: Global stock markets surged on Monday (May 12) after the US and China agreed to slash

Major U.S. stock indexes soar after a 90-day U.S.-China tariff truce boosts investor confidence and tempers trade war fears

Investors have cheered the US-China trade talks, sending stocks soaring on Monday.While the deal has removed some risks weighing on stocks, some say

The Pound Sterling (GBP) collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar (USD). News of the US-China de-escalation of the trade war weighed on the Sterling, which plummeted from around 1.3298.

Coming to a breakthrough in Geneva.

Wall Street stocks finished solidly higher Monday, cheering an announcement that the United States and China sharply de-escalated a trade war that has rattled global markets.

The U.S. and China on Monday agreed to suspend most tariffs on each other's goods in a move that shows a thawing of trade tensions.

Also, a trade agreement between the US and China added to the markets' optimism

Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.

New Delhi: Indian stock indices soared through the roof on Monday, supported by the news that the conflict between India and Pakistan has de-escalated

The understanding for a ceasefire between India and Pakistan brought cheers for investors who were richer by more than Rs 16 lakh crore in a single day -- as Sensex and Nifty gained a massive nearly 4 per cent in a bull rally seen after February 2021

The AUD/USD pair gives back initial gains and turns negative during North American trading hours on Monday.

The Pound Sterling (GBP) recovers some of its intraday losses after sliding to near 1.3140 against the US Dollar (USD) during North American trading hours on Monday. Still, the GBP/USD pair is down 0.8% at around 1.3200.

The Australian Dollar (AUD) is facing downward pressure as global trade dynamics shift, particularly between the United States (US) and China.

DOW has seen some of its best performances this year, on U.S.-China trade de-escalation

The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.

The United States and China have agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period, according to a joint statement released by the two countries Monday, in a surprise breakthrough that has buoyed global markets. The announcement comes after a weekend of marathon trade negotiations in Geneva, Switzerland by […]

The S&P BSE Sensex jumped 2,975.43 points to close at 82,429.90, while the NSE Nifty50 added 916.70 points to end at 24,924.70.

The United States and China have agreed to a 90-day cut in reciprocal tariffs levied on an array of traded goods after weekend talks in Switzerland made progress in narrowing differences between the two countries.

US Trade Representative Jamieson Greer said late Monday that China has agreed to remove countermeasures. However, if things don’t work out, China tariffs can go back up.

Wall Street surged Monday as the S&P 500 hit a two-month high, fueled by a temporary US-China tariff truce that eased trade war fears and boosted investor confidence in global markets.

Fed Governor Adriana Kugler warned of tariff consequences even as US-China tensions ebbed.Investors should still brace for higher inflation and slower

New Delhi: The understanding for a ceasefire between India and Pakistan brought cheers for investors who were richer by more than Rs 16 lakh crore in a single day -- as Sensex and Nifty gained a...

The Sensex jumped over 2,000 points, while the Nifty came close to the 24,700 mark. The overall mood on the street was upbeat, as investors welcomed signs of calm after days of concern.

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.

The Pound Sterling collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar.

U.S. stocks leap after China and the United States announced a 90-day truce in their trade war.

Get latest articles and stories on Business at LatestLY. Indian stock indices soared through the roof on Monday, supported by the news that the conflict between India and Pakistan has de-escalated after the two Armed forces reached an understanding. Business News | Indian Stocks Skyrocketed on Ceasefire News, US-China Tariff Deal; Sensex Soars 3,000 Points.