US shares were ready to assemble on Monday, with Dow futures up over 500 points after the US and China agreed to call a ceasefire for their trade war over the weekend, which triggered relief acquisition of perceived risky assets such as stocks .
Oil prices climbed almost 5% while the dollar tumbled.
How do the most important references work?
Dow Jones Industrial Average Futures
YMZ8, + 1.92%
increased 539 points, or 2% to 26,077. S & P 500 futures
ESZ8, + 1[ads1].78%
jumped 53.95 points, or 2% to 2.812.25. Nasdaq-100 futures
NQZ8, + 2.49%
saw even bigger wins, up 176 points, or 2.5% to 7,125.50.
On Friday, the S & P 500 index
SPX, + 0.82%
increased 0.8% to 2.760.17 while the Nasdaq Composite Index
COMP, + 0.79%
added 0.8% to 7.330.54. Dow Industrials
YMZ8, + 1.92%
climbed 199.62 points, or 0.8% to 25.538.46.
Both the S & P 500 and Nasdaq signed their best weekly performance since December 2011, while the blue chip index posted its strongest week since November 2016.
Read: A ruddy Fed invites more volatility on the stock exchange, analysts say
What drives the market?
A trade gap between the United States and China saw a breakthrough at the G20 meeting in Argentina, a gathering that included a highly anticipated dinner between President Donald Trump and Chinese leader Xi Jinping. The two sides agreed to start negotiations to cool trade tensions and discuss forced technology transfer, protection of intangible assets, non-tariff barriers, cyber and agricultural issues, among other things.
Read: Tariff truce likely to ease investors' immediate fears, but obstacles dream
If these talks are unsuccessful, scheduled $ 200 billion of Chinese goods will rise to 25% from today's 10%, an increase due to kick into the beginning of 2019. China also said it would buy a "much significant "amount of US agriculture, energy and industrial goods.
Trade optimism added other crude oil assets