China to cut import duties on cars

The easing of trade tensions between the U.S. and China is continuing, with the latter pledging to cut import tariffs on passenger vehicles to 15%, down from 25%. Import duties on car parts will be reduced to 6%.

Zuckerberg testifies in Brussels

Members of the European Parliament will get to question Facebook (NASDAQ:FB) CEO Mark Zuckerberg today on everything from Cambridge Analytica and Europe’s new privacy rules to the social network’s role in elections and foreign investment.

NEW Italian bonds routed

The supposedly bullish news of a power-sharing agreement between Italy’s Five Star Movement and The League isn’t doing much to help that country’s market for government debt, and chatter about a eurozone break up is again entering the conversation.

Futures soar with trade war ‘on hold’

Stocks, oil prices and the dollar are all getting a boost, with the Dow set to leap 228 points, amid easing U.S.-China tensions that have roiled global markets this year. Dow +0.9%; S&P 500 +0.6%; Nasdaq +0.7%.