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Markets Surge as US-China Trade Tensions Ease with 90-Day Tariff Reduction

Global markets rallied after the US and China announced a 90-day reduction in trade tariffs following weekend negotiations in Switzerland.

European indexes like France’s CAC 40 and Germany’s DAX rose over 1% on Monday morning. US stock futures also surged, with the Nasdaq Composite gaining nearly 2%.

Officials described the talks as “an important first step” toward resolving differences, though specific details remain forthcoming.

Gold prices dropped to their lowest level since May 5 as investors favored stocks over safe-haven assets.

Original Source: Yahoo Finance

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