US EditionStocks soar after US, China strike trade truce
- On Tuesday, Wall Street edged lower as enthusiasm surrounding the U.S.-China 90-day trade truce waned, with investors shifting focus to recent inflation figures and corporate earnings results.
- The trade truce followed intensive negotiations in Geneva and included tariff reductions, but key officials and experts stressed that the deal is not finalized and challenges remain.
- The agreement saw the U.S. Cut tariffs on Chinese goods from as high as 145% to 30%, while China lowered its tariffs on U.S. Goods from 125% to 10%, temporarily removing trade barriers.
- Stephen Innes noted it shows recognition of tariffs' economic drag, Xi Jinping warned that bullying leads to self-isolation, and Louis Wong advised investors to remain cautious and expect surprises on the trade front.
- Although the truce reassured some investors and buoyed global markets early in the week, the fading optimism and upcoming U.S. Inflation report suggest near-term market volatility may persist.
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Investors cheer tariff truce, but cautious over a final deal
A breakthrough in United States-China trade talks has propelled world stocks and the US dollar higher, but investors fear further negotiations could prove a long slog, tempering optimism, as risks of a global economic slowdown persist. © New Straits Times Press (M) Bhd
·Malaysia
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Wall Street reassured by slowing inflation in the United States
The New York Stock Exchange is evolving in dispersed order on Tuesday, the day after a sharp upswing, while investors are somewhat reassured by lower inflation in the United States in April despite Donald Trump's imposition of substantial tariffs.
·Montreal, Canada
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ABC FOX Montana+6 Reposted by 6 other sources
Stocks mostly higher on cool US inflation
US and European stock markets mostly rose on Tuesday as cool US inflation data reassured concerns about the economy.
·Missoula, United States
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Coverage Details
Total News Sources465
Leaning Left89Leaning Right57Center123Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 33%
C 46%
R 21%
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