Stocks Advance After Bessent Says Talks with China Were Successful Before Trump-Xi Meeting – WTOP News
- On Monday, U.S. stock futures climbed as Dow Jones Industrial Average futures rose 0.8%, with Dow futures jumping more than 400 points ahead of an anticipated summit between President Donald Trump and Chinese President Xi Jinping.
- Crude prices dropped more than 3% Monday, with West Texas Intermediate falling to $97.09 a barrel, easing investor concerns following Saturday's ballistic missile attack on Saudi Arabia by Iran-backed Houthi rebels.
- Treasury Secretary Scott Bessent told reporters following Sunday's talks in New York with Chinese Vice Premier He Lifeng that the U.S. had "a very successful engagement" covering trade and artificial intelligence.
- The Federal Reserve raised rates last week for the first time in three years, keeping the U.S. 10-year Treasury yield elevated at around 4.96% on Monday amid persistent inflationary pressures.
- Beijing confirmed Xi will pay a state visit to the United States between Sept. 23 and 25, with the summit agenda expected to span tariffs, critical minerals, and artificial intelligence safety.
93 Articles
93 Articles
US open to extending China trade truce, or bigger deal, Bessent says
WASHINGTON — The United States is open to extending the U.S.-China trade truce that expires on November 10 or considering a possibly larger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday as he left a meeting with Chinese Vice Premier He Lifeng to prepare for a summit between the two countries' leaders. Bessent gave no details about a potentially bigger U.S.-China trade deal following his second meeting with He in four days. …
Breaking | Bessent and He meet again for ‘some unfinished business’ as Xi summit nears
US Treasury Secretary Scott Bessent held an unscheduled meeting with Chinese Vice Premier He Lifeng in Washington on Wednesday, hours before Chinese President Xi Jinping was due to arrive for a state visit. “We had some unfinished business from Sunday. We want strategic stability, but it has to be based on reciprocity and fairness,” Bessent told Fox News on his way to the meeting. The talks are under way at the World Bank headquarters in the US …
Geopolitics remains the focus of investors. At first there is hardly any movement on the US stock exchanges. Upcoming speeches at the UN general debate and an appointment of the US president could change this.
Wall St futures steady with focus on Mideast talks, US-China summit
Sept 23 (Reuters) - Wall Street's main stock index futures were steady on Wednesday while investors awaited any positive outcome from negotiations to end the Middle East conflict, ahead of the high-stakes US-China summit due on Thursday. Crude prices ...
The session is thus marked by the dissemination of preliminary indicators of economic activity in the United States and the approach of the summit between Presidents Donald Trump and Xi Jinping.
Can AI Optimism Strengthen China Stocks Ahead of the Xi Trump Summit?
Chinese and Hong Kong stocks rose on Tuesday, led by gains in artificial intelligence companies, as investors responded to signs of renewed US China cooperation on AI safety and looked ahead to Chinese President Xi Jinping’s meeting with US President Donald Trump later this week. At midday, China’s benchmark Shanghai Composite was up 0.2%, while […]
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