US EditionAsia Markets Fluctuate as Investors Examine Trump-Xi Talks
The Federal Reserve cut rates by 0.25%, but cautious comments from Chairman Powell cast doubt on further cuts amid US-China trade talks aiming to ease tensions.
- On Thursday, the US Federal Reserve delivered a quarter-point rate cut, and Chair Jerome Powell signalled a hawkish outlook that cast doubt on a further December cut, jolting markets.
- The US and China leaders met in South Korea, their first since 2019, and agreed to calm trade tensions with tariff cuts and rare earth supply pledges.
- Nvidia's record valuation then quick pullback showed shares fell 2.3% after reaching a US$5 trillion market value on Thursday, highlighting market volatility.
- Stock markets fell Thursday as traders digested the high‑stakes US‑China meeting, mixed earnings and uncertainty over further US rate cuts; major European and Asian indexes were mostly lower at around 1145 GMT.
- With the ECB on pause, markets focus on upcoming earnings; Powell signaled `Looking ahead, the main events today will be Apple and Amazon earnings, along with the ECB's policy decision`.
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Key Points Bank of America just reiterated its buy rating on Alphabet, with a price target of $335 from $280 after earnings. Morgan Stanley reiterated its overweight rating on Microsoft, raising its price target to $650 following earnings. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your b…
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Stocks slide as investors digest Trump-Xi talks, earnings
Stock markets mostly retreated Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.
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SooLeader.comWall Street dips after Trump-Xi meeting as Magnificent Seven earnings take center stage
Wall Street was trending lower in early trading after U.S. President Donald Trump said he was dialing back some of the tariffs imposed on China following a meeting met with Chinese leader Xi Jinping. Trading Thursday was mixed for some…
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