China, trade talks
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GENEVA — 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.
In a sign of investor relief that the worst of a U.S.-China trade war might be averted, U.S. stock futures rose on Sunday evening. The S&P 500 E-minis rose 1.3%, while Nasdaq futures added 1.6%.
SYDNEY (Reuters) -Wall Street stock futures climbed and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided,