China, The tariff and Stock Market
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US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days.
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Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president).
The Nasdaq 100 was on track to end Monday's session in bull market territory after the US and China agree to lower tariffs for 90 days.
Investors head into a busy week for economic data watching if leadership in the U.S. stock market could be moving away from defensive equity areas that indicates greater appetite for risk.
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Asia stock markets traded higher on Monday following substantial progress in U.S.-China trade talks on Sunday. Traders awaited further details from the negotiations, which were expected to be announced on Monday.
Indian equity markets are set to react to multiple major developments that have taken place since Friday evening. India and Pakistan announced a halt to military action on Saturday evening and that is something that had kept stock markets on the edge.