US stock futures down
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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
US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days.
Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president).
The S&P 500 rose more than 3% on Monday, hitting its highest since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for easing of a global trade war, which U.S. President Donald Trump ignited in early April.
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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.
Stock Market LIVE Updates: GIFT Nifty shows positive start for India; Asia up on US-China trade talk
Markets are poised for a strong start following the understanding between India and Pakistan, while trade talks between the US and China add to the momentum
Investors head into a busy week for economic data watching if leadership in the U.S. stock market could be moving away from defensive equity areas that indicates greater appetite for risk.