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US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report
U.S. stock futures soar after U.S. and Chinese officials announce a 90-day lowering of tariffs, tech stocks surge on the trade deal, and pharmaceutical stocks sink as President Donald Trump says he'll slash prescription drug costs.
The dollar fell and U.S. stock futures rose on Tuesday after data showed U.S. consumer inflation picked up less than expected in April, when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global supply chains and markets.
Asia stock markets traded higher on Monday following substantial progress in U.S.-China trade talks on Sunday. Traders awaited further details from the negotiations, which were expected to be announced on Monday.
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