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Market Rebound Amid Trade Negotiation Hopes
In early trading, US stock futures saw a significant rise, and oil prices bounced back as President Donald Trump expressed a willingness to negotiate with China. This comes after a recent surge in trade tensions that negatively impacted stocks last Friday.
Stock Market and Oil Price Movements
The S&P 500 futures increased by nearly 1%, recovering from a 2.7% drop on Friday, which marked the largest decline in half a year. This downturn was triggered by Trump’s threats of additional tariffs in reaction to China’s export restrictions. Meanwhile, Australian stocks opened on a lower note, and Hong Kong futures also saw a decline. Japan’s markets remained closed due to a holiday. Oil prices rose over 1% after experiencing two consecutive days of losses.
Treasury Futures and Global Market Impact
In the bond market, 10-year Treasury futures experienced a decline. This shift in futures reflects the broader market’s response to the evolving trade discussions and their potential impact on global economic conditions.
