Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.

US stock futures surged even higher on Monday after the US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Stocks were already making gains over after the US said it had made "substantial progress" in weekend trade talks with China,

U.S futures and global indexes are rising on the back of a significant de-escalation in the trade dispute with China. Speaking from Switzerland on Monday morning, U.S. Treasury Secretary Scott Bessent announced that China and the U.