Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step.

At 0948 GMT, shares of Maersk were trading 12.9% higher.

In an email, the company stated that it hoped the deal would lay the groundwork for both parties to reach a permanent agreement which could create the predictability needed by our customers.

"Right away, our customers are getting 90 days of reduced tariffs and we're working hard to make the most of this window."

(source: Reuters)