Today we’ve seen global financial markets rally amidst a rough start to the week.

President Trump announced he would hold off on implementation of tariffs on China, the market responded by a collapse in the VIX and a rise in equities across the board. The USTR’s stated that “certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent.”

This has been a repetitive occurrence with the Trump administration going back and fourth on the implementation of foreign tariff.

Trump tweeted this today, he is responding to the critique of China’s retaliation in devaluing their currency to mitigate damage control amidst raising tariffs by President Trump.

Trump also stated

The markets responded very nicely and currently is as the following:

Notable Large Gains:

MTC 200% Gain

DCPH 86% Gain

PED 44% Gain

LKSD 27% Gain

MBIO 23% Gain

JD 14% Gain

Quotes as of Aug 12th, 2019 at 11:55AM PST courtesy of Yahoo Finance.

Currently the Dow 30 is up +1.59%

The S&P 500 is up +1.71% along with the NASDAQ up over 2.11%

S&P 500 VIX has fallen immensely with a massive -14.75% drop today assuring confidence returning to the market.

The China A50 futures have risen +1.68%

The Hang Seng futures closed at 25,617 indicating a gain of +0.22%. China H-Shares closed down -0.75%

Europe futures on the Euro Stoxx 40 are up at +1.57%

The Japanese Nikkei 225 and TOPIX are both green.

Nikkei 225 futures up +1.74% and the TOPIX futures up +1.14%.

CAC 40 futures are up +1.23%

FTSE 100 Futures are up +0.53%

DAX futures are up +1.27%

FTSE MIB is up +1.63%

WIG20 futures up +2.36%

S&P/ASX 200 futures are up +0.78%

Brazils IBovespa futures are up +1.81%

RTS Futures are up +0.94%

SMI futures are up +1.08%

Disclaimer: Quotes are delayed and never should be taken as financial advice.