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Dow futures rose by more than 200 points after Trump and Xi agreed not to charge more



U.S. President Donald Trump favors a photo with Chinese President Shi Dingping before their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019.

Kevin Lamark | Reuters

U.S. stock futures rose on Sunday night after the US and China agreed not to adhere to additional tariffs for their products in an attempt to resume trade talks. Monday is open. The futures of the S & P 500 and Nasdaq 100 also rose sharply, which means an increase of 0.9% and 1

.5% respectively.

"Markets seem to be content with the cooperative tone coming out of the meetings," said Dan Deming, Managing Director of KKM Financial, for the opposite. Many market observers have rejected any change in the narrative, which has led many to believe that the risk is down.

half the year with a thunder and crash after a big first half. The S & P 500 rose by more than 17% to begin in 2019, reporting its best first half for more than 20 years.

This leap came as stocks recovered in June from a hot performance in May. Dow jumped 7.2 percent in June, the biggest gain for this month since 1938. During this time, the S & P 500 jumped 7.9 percent for the month, marking its best performance in June 1955.

President Donald Trump and the Chinese President Xi Jinping agreed not to levy new taxes on US and Chinese goods after meeting on Saturday at the G20 summit in Osaka, Japan.

Trump said the meeting was as good as it could be, noting, "We are back on track." Chinese state news Xinhua said the two leaders agreed to "resume trade talks between their countries on the basis of equality and mutual respect. "

Trump adds that the US will ease restrictions on US companies from selling Huawei's products, a giant telecom company in China. The US banned companies from selling to Huawei in May, citing national security considerations. The US president also said China would "buy an agricultural product".

Changing Huawei's ban may increase chip maker shares such as Skyworks Solutions, Qorvo and Micron Technology, all of which have an Huawei exposure. Skyworks and Micron dropped by at least 10% in 2019 by the end of Friday. Investors were eagerly awaiting the meeting between Trump and CW while looking for evidence that the world's largest economies will resume trade talks or if the conflict continues.

Chetan Ahya, Global Morgan Stanley's Economics Leader, describes the outcome of the meeting as an "uncertain pause".

There is no "immediate escalation, but there is not yet a clear path to a comprehensive deal," Ahiya said in a Sunday note. "Given the lack of clarity on whether real progress has been made on the issues that have led the negotiations to fail first, our overall conclusion is that weekend events alone do not do enough

Larry Kudlow's comments , director of the National Economic Council, added uncertainty about US-China trade relations

Kudlow told Fox News that Trump did not provide Huawei with "General Amnesty" He also said he had no trading schedule

China and the United States were involved in a trade war for more than a year, during which time the US has imposed Chinese import tariffs worth more than $ 250 billion

– Michael Bloom and Everest Rosenfeld of CNBC have contributed to this report [19659002] Subscribe to CNBC on YouTube.]
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