Stock Futures Rally On Trade Talk Optimism, Deadline Extension

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MANDEL NGAN/AFP/Getty Images)
  • U.S. stock futures are trading higher Monday morning following reports Trump has extended the additional trade tariffs deadline, citing ‘substantial progress’ in trade talks with China
  • Chinese stocks skyrocketed following the news with the Shanghai Composite up 5.6%

Traders are applauding the trade talk progress and are optimistic a deal will go through.

However, as typical with any negotiations (especially one as complicated as this), finalizing a deal always gets harder towards the end and will likely have some setbacks.

“Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement,” Trump tweeted. “A very good weekend for U.S. & China!”

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