US-China Trade Deal Fuels Market Optimism

The US-China trade agreement has sent positive ripples through financial markets. This significant development in trade relations, negotiated by high-level officials from both countries, is expected to boost the S&P 500 Index, potentially bringing about a near 4% rise in anticipation of surpassing April levels. Nasdaq 100 futures are also forecasted to return to bullish territory. Market expectations have shifted towards a 25 basis point Fed rate cut in September instead of July, reflecting the shift in economic sentiment.