Wall Street share futures slipped with the dollar on Monday and Treasury yields rose as concerns about erratic U.S. economic policies were underlined by Moody's downgrade of the country's credit rating.

LONDON: Stocks and the US dollar surged after the United States and China said they agreed on a 90-day pause on tariffs and reciprocal duties would drop sharply, giving investors some confidence that a full-scale trade war may have been averted.

Treasury yields rose and U.S. stock futures slipped with the dollar on Monday due to concerns about U.S. debt and rising deficits after Moody's downgraded its sovereign credit rating late on Friday. European and Asian shares also fell as a mixed bag of Chinese data showed the economy there was struggling,

The dollar fell after Moody’s downgraded U.S. sovereign debt to Aa1 from Aaa, and changed the outlook to stable from negative, citing spiralling government debt.