Premarket: Wall Street stock futures jump as U.S.-China trade stand-off thaws

News Snapshot:

U.S. stock index futures jumped on Monday after the United States and China said they had reached a deal to reduce tariffs, easing concerns of an all-out trade war that had gripped global markets. Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary Scott Bessent said the two sides had agreed on a 90-day pause on measures and that tariffs would come down by over 100 percentage points to 10%. This “marks a pivotal moment in global trade dynamics,” FP Markets’ chief analyst, Aaron Hill, said. “However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic...