London - Saba:
Global markets registered a significant rise on Monday after US President Donald Trump announced that electronic goods imported from China would not be subject to tariffs, easing trade tensions between the two countries.
Sami Shaar, chief economist at Lombard Odier, confirmed that the chances of future tariff reductions have improved somewhat, despite ongoing concerns about uncertainty.
Indices performance details:
- In Asia: Japan's Nikkei 225 rose by 1.18%, South Korea's KOSPI by 1%, Hong Kong's Hang Seng by 2.3%, and the Shanghai Composite by 0.8%.
- In Europe: Germany's DAX rose by 2.43%, France's CAC 40 by 2.13%, and Britain's FTSE 100 by 1.72%.
- In Russia, the MOEX rose by 0.45%, and the RTS by 0.44%.
- US: S&P 500 futures rose 1.1%, and the Dow Jones Industrial Average rose 0.6%, amid continued concerns over the weak dollar and trade war fears.
| more of (Economy) |