""This framework potentially includes a delay of China's rare earths restrictions that caused the latest trade flare-up, a spiking of Trump's threatened 100% tariffs on China that were to start Nov. 1, and a resumption of Chinese purchases of soybeans. The agreement may include a resolution of the TikTok dispute with the U.S., getting a deal for the U.S. version of the social video app," they added."
"In addition, markets expect the Federal Reserve to cut interest rates this week after cooler-than-expected inflation numbers. Plus, we have quite a few Magnificent 7 stocks posting earnings this week, including Alphabet ( NASDAQ: GOOG), Amazon ( NASDAQ: AMZN), Apple ( NASDAQ: AAPL), Meta ( NASDAQ: META), and Microsoft ( NASDAQ: MSFT)."
Markets pushed sharply higher as futures jumped on signs of a potential U.S.-China trade truce and cooler inflation data. Equity futures showed large gains across the Dow, S&P 500 and NASDAQ on truce-related developments. Reported truce terms could include delaying China's rare earths restrictions, pausing threatened 100% tariffs set for Nov. 1, resuming Chinese soybean purchases, and resolving the TikTok dispute with a U.S. version of the app. Investors also priced in an imminent Federal Reserve interest-rate cut following cooler-than-expected inflation figures. Several major technology companies from the Magnificent 7 are scheduled to report earnings this week.
Read at 24/7 Wall St.
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