US EditionStock Markets Higher as Traders Eye Possible Trump-Xi Talks
- President Donald Trump has claimed that China breached a recent tariff deal, with officials from both countries scheduled to meet on Wednesday in Paris to discuss ongoing trade issues.
- The expected talks follow rising uncertainty from shrinking Chinese factory activity and renewed tariff disputes, while it remains unclear if Xi Jinping favors direct engagement.
- Global stock markets, including Hong Kong and Shanghai, rose on Tuesday as investors cautiously responded to hopes for progress in US-China relations and oil price gains.
- The OECD cut its 2025 global growth forecast from 3.1% to 2.9%, citing trade barriers and policy uncertainty as risks, while US lawmakers began fierce debates over a $3 trillion tax cut package.
- Markets remain volatile as outcomes depend on the talks' success and ongoing geopolitical tensions, highlighting sustained economic uncertainty for global trade and growth.
64 Articles
64 Articles
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Asia rises on Trump-Xi talk hopes; South Korea rallies post-election
Asia stock markets trade higher on Wednesday, mirroring positive momentum from Wall Street. However, sentiment remained cautiously optimistic amid speculation that Trump and Chinese President Xi Jinping may hold talks this week to ease tensions.
Daily Journal
Stock markets higher as traders eye possible Trump-Xi talks
Major stock markets rose and the dollar climbed on Tuesday as investors kept tabs on the China-US trade war, with speculation swirling that the countries' leaders will soon hold talks.
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