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.
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71 Articles
Taiwanese shares buoyed by US tech rally and trade talks
Shares in Taiwan closed sharply higher yesterday, with buying sparked by a US tech rally at the end of last week, continued global demand for artificial intelligence (AI) technology and positive signals from trade talks over the weekend between US and Chinese officials.The TAIEX ended up 538.09 poin
The decline in oil and the hopes of appeasement support Wall Street before the meeting between Donald Trump and Xi Jinping. ...
US stock market today: S&P 500, Nasdaq futures rise up to 1% as oil falls; Trump-Xi summit in focus
US futures rose on Monday as oil fell for a fourth day and Bessent called US-China talks ‘successful’. Xi visits the US Sept 23-25 for talks with Trump on trade and AI. Markets also watch the Fed's rate hike, BOJ tightening, and possible Trump-Pezeshkian talks amid Middle East tensions.
Global actions advance this Monday, driven by renewed enthusiasm for artificial intelligence, while oil retreats from reports that the supply from the Gulf is greater than expected, despite the continuity of the conflict between the United States and Iran. Investors also accompany the meeting, in Washington, between the presidents of the United States, Donald Trump, and China, Xi Jinping, scheduled for Thursday. In Brazil, attention is focused o…
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