"U.S.-China trade talks in Geneva over the weekend were productive."
Scott Bessent
Treasury Secretary
"The two sides agreed on establishing a consultation mechanism for trade and economic issues."
He Lifeng
Vice Premier of China
"It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought."
Greer
Increase in S&P 500 Futures
1.4%
Increase in Nasdaq 100 Futures
1.9%
Key Facts
- U.S.-China trade talks in Geneva were deemed productive, with both sides reaching important consensus and agreeing on a consultation mechanism.
- Asian stocks surged along with U.S. equity-index futures as news of the trade talks spurred a risk-on mode in markets.
- The dollar strengthened against traditional havens like the Swiss franc and yen, outperforming most of its European peers.