US and China agreed to cut tariffs on each other's imports

Wall St sees gains after tariffs relaxed (Getty).

Wall St sees gains after tariffs relaxed (Getty). Credit: Xinhua News Agency/Xinhua News Agency via Getty Ima

Stock markets in the US and Europe have rallied off the back of trade tensions easing between China and the US.


On Wall Street, the S&P 500 surged more than 3 per cent, while the Nasdaq catapulted 4.4 per cent higher.

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