US-China Trade Truce Sends Stock Futures Soaring—Wall Street Breathes (For Now)
Asian and US equity futures surge as economic cold war thaws—at least on paper. Another ’historic deal’ for the algo-trading machines to feast on.
Market relief rally in full swing: Nasdaq futures up 1.8%, Hang Seng climbs 2.3%. Because nothing cures trade tensions like vague promises and delayed tariffs.
Funny how these breakthroughs always happen when quarterly earnings loom. Coincidence? Your portfolio manager thinks so.
Optimism also lifted sentiment around Asian stocks
Japan’s Nikkei 225 futures were quoted at 37,830 on the Chicago Mercantile Exchange, compared with Friday’s cash close of 37,503.33. A weaker yen added to the upbeat mood for exporters as both the Japanese currency and the euro opened lower against the dollar after the Swiss meeting.
Washington and Beijing each spoke of “substantial progress,” yet investors still seek concrete steps. “It’s not yet clear what exactly is involved, so we’ll have to wait and see what comes out going forward,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. “The yen is weakening, and at the very least, there doesn’t seem to be a negative market reaction. As we wait for specific announcements, the general trend of recovery is likely to continue.”
The Nikkei 225 has gained about 5 percent since April 2, one of the best gains among major stock benchmarks. Japan was among the first nations to enter formal trade talks with Washington after the tariff shake-up, though a final deal has yet to be struck.
Meanwhile, earnings season offers another test for Tokyo investors. Heavyweights on the calendar this week include SoftBank Group Corp., Nissan Motor Co. and Sony Group Corp., and traders will analyze their comments for any shift in outlook linked to the global trade story.
Investors will also look to Monday, when Bessent is expected to spell out the US position and He has pledged to publish a joint statement—an early sign of whether the weekend goodwill can evolve into lasting action.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
