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Stock Markets Stabilize as Trade War with China is Put “On Hold” 

Global stock markets enjoyed relative stability with tendencies for price rises on Monday as Steven Mnuchin, United States Treasury Secretary, stated that the U.S.-China trade war was currently put “on hold” after the two largest economic powers in the globe agreed to drop their tariff threats while they worked on a more expansive trade agreement. 

S&P mini futures went up 0.6 percent in early Asian trade on Monday. Japan's Nikkei climbed 0.1 percent. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.1 percent in early trade. 

U.S. 10-year Treasuries yield went up by 1.5 basis points to 3.082 percent, close to the seven-year high of 3.128 percent hit on Friday. 

Oil went higher thanks to easing tension between the U.S. and China 

Oil prices went up on Monday easing trade tension between the U.S. and China. Brent crude futures closed at $78.87 per barrel at 0045 GMT – 36 cents, or 0.5 percent, higher in comparison to the previous session. Brent was able to cross the $80 barrier last week, which was the first time since November 2014. U.S. West Texas Intermediate (WTI) crude futures climbed by 0.6 percent (40 cents) and settled at $71.68 a barrel.

Wi the sense of optimism that characterizes the market at the moment, analyst predict that the price of oil will keep stable and may even continue to rise.

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