Decent backdrop:
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Column 1 0 U.S. stock futures were soaring higher this morning after President Donald Trump and Chinese President Xi Jinping agreed to hold off on new tariffs. Strong gains at Monday's open would add to the S&P 500's best week in seven years.(CNBC)* Stocks in Asia soar, led by Shanghai's over 2.5% advance after Trump-Xi deal (CNBC)* European stocks rally, with Germany leading the way on the trade truce (CNBC) 1
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Column 1 0 Oil prices surged 5 percent today after the United States and China agreed to the 90-day truce in a trade dispute. The agreement came ahead of this week's OPEC meeting, which is expected to cut supply. (Reuters)
