FTSE 100 LIVE: Stocks Surge on US-China Tariff Cut Deal

Deep Dive: FTSE 100 and Global Markets Surge on US-China Tariff Deal Market Movements FTSE 100 (^FTSE): Up 0.4% by Monday afternoon, driven by optimism over a US-China trade deal. Mining stocks led gains, with Antofagasta (ANTO.L) and Glencore (GLEN.L) rising over 7%. European Indices: DAX (^GDAXI): +0.4%. CAC 40 (^FCHI): +1.2%. STOXX 600 (^STXE): +0.8%. US Futures: S&P 500 (ES=F): +3.1%. Dow (YM=F): +2.4%. Nasdaq (NQ=F): +4%. Key Driver: US-China Trade Deal Details: A 90-day tariff pause was agreed upon, reducing import duties by over 115 percentage points to 10% on both sides, as announced by US Treasury Secretary Scott Bessent. Impact: The deal alleviates uncertainty that has weighed on global markets, boosting investor confidence and driving sharp gains in equities, particularly in trade-sensitive sectors like mining. Why It Matters The temporary truce in the US-China trade war, which had disrupted supply chains and rattled markets, provides businesses with short-term relief. The significant tariff reduction fosters optimism for global trade and economic stability, reflected in the broad-based rally across major indices. Broader Context Recent Trends: Uncertainty over high tariffs has suppressed investor sentiment for months, contributing to volatility in global markets. Sector Focus: Mining stocks, sensitive to global trade dynamics, outperformed due to expectations of improved demand from China, a key commodity consumer. Global Implications: The deal could pave the way for further negotiations, though its temporary nature means markets remain vigilant for longer-term resolutions.