Dow’s future and the dollar rise as Wall Street encourages US-XINA rate talks

• Financial markets gave their initial reaction To target conversations between the United States and China over the weekend. Although neither side announced anything about the rates, the White House indicated an agreement to help face the U.S. Global Commercial Deficit and China said that a “mechanism” would be established for future discussions on trade and economics.

Investors weighed on Sunday at the initial United States-Chief Conversations This weekend, while both parties pointed out the progress without saying anything about the rates.

Future for the Dowry The industrial average of Jones jumped 444 points, 1.1%. S&P 500 future jumped 1.2%and Nasdaq Future increased by 1.4%.

The dollar accumulated 0.2% against the euro and 0.4% against the yen. The tenor’s performance of ten years increased less than 1 basic point to 4,382%. North -american oil prices increased by 0.6% to $ 61.40 per barrel, and Brent Crus increased by 0.5% to $ 64.23.

“I am happy to inform that we have advanced substantially between the United States and China in very important commercial conversations,” said Treasury Secretary Scott Bessent added to journalists, who added that a full informative session will occur on Monday.

United States commercial representative Jamieson Greer, who also participated in negotiations with a Chinese delegation led by Lifeng’s vice -president, suggested that some kind of treatment was made.

“Just remember why we are here in the first place: the United States has a massive trade deficit of $ 1.2 trillion, so the President declared a national emergency and the rates imposed, and we are sure that the agreement that has reached us with our Chinese partners will help us work to solve this national emergency,” he said.

China later said that the two countries agreed to create a “consultation mechanism” for future discussions on economic and commercial issues, while citing progress in conversations.

A No comprehensive trade agreement was expected This weekend, but the positive comments of the United States and China suggested that at least trade stresses were decame, after President Donald Trump arrived in China with a 145% rate and Beijing was retaliated with a duty of 125%.

For now, the result of fare conversations seems to be “a wide frame in which the two nations can have subsequent conversations, with the aim of reaching a broader trade agreement,” according to Michael Brown, a senior research strategist in Pepperstone.

“This is not the worst case of this weekend’s conversations, far from this, but not a specific agreement,” he wrote in a note.

When Wall Street has more information on Monday’s talks, key economic reports are also due next week.

The Department of Labor will publish on Tuesday its consumer price index and its producer price rate, providing more inflation clues as the rates began to take it last month.

Monthly retail sales reports and industrial production are also planned for Thursday. Several federal reserve officials will speak throughout the week, after the Central Bank maintained stable rates last week and indicated that it is still in a hurry to adjust the rates.

This story originally presented to Fortune.com