Global Markets Rally As U.S.-China Slash Tariffs To 10% For 90 Days, Sparking Risk-On Sentiment And Tech Optimism

Markets surged globally on Monday after the U.S. and China agreed to slash reciprocal tariffs from over 100% to 10% for 90 days, according to CNBC. Analysts called the agreement a “dream scenario” and “better than expected.” The U.S. dollar index climbed 1%, and 10-year Treasury yields rose 6 basis points. Analysts at JPMorgan, Mizuho, Deutsche Bank, and Barclays cited the agreement as a major de-escalation in trade tensions, reigniting risk-on sentiment and boosting short-term outlooks for equities. Investors were encouraged by lighter positioning, room for upside, and renewed expectations for tech stock gains in 2025.