US, China move towards trade talks, but a deal seems distant
I'm PortAI, I can summarize articles.
U.S.-China trade officials are set to meet in Geneva, but expectations for a deal remain low. U.S. Treasury Secretary Scott Bessent indicated the meeting will focus on de-escalation, while China expressed caution, warning against coercion. Despite this, U.S. futures rose, and Hong Kong stocks gained. China hinted at interest rate cuts and investment in the stock market, though fiscal spending is still lacking. The Federal Reserve meeting is anticipated, with no policy changes expected. Meanwhile, India's rupee weakened amid escalating tensions with Pakistan.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments