Stocks Rise as US, China Hail Positive Talks Ahead of Trump-Xi Summit
Community Score: 50% | 32.0K views | 3w
0 community ratings: null thumbs up, null thumbs down
Global stocks rally as markets look ahead to President Xi Jinping's visit to Washington later in the week. US Treasury Secretary Scott Bessent and China's top trade negotiators tout positive talks around AI, trade and investment over the weekend. Oil extends its decline for a fourth consecutive day, while US retail diesel prices top $6.50 a gallon for the first time. Mark McCormick of BMO Capital Markets joins "Bloomberg Brief" to discuss the Fed's rate path and financial conditions ahead of a slew of Fedspeak this week. Chapters: 00:00:00 - Bloomberg Brief Begins 00:00:19 - Top Stories 00:00:54 - Global Market Check: Asian Markets Start the Week Higher 00:02:10 - European Relief Rally and Bond Markets 00:03:31 - US Markets Digest the Fed Decision 00:04:57 - First Look Movers: Critical Metals, Paramount and Novo Nordisk 00:06:07 - US-China Talks Ahead of Trump-Xi Summit 00:09:51 - Oil Falls as Focus Turns to US-Iran Diplomacy, Iran, the Houthis and Regional Risks, AI, Market
Tags: BMO Capital Markets, Brief, Central Banks, China, Chloe Meley, Citibank, Crude Oil, Donald Trump, Fed rate hike, Federal Reserve, Geopolitics, Inflation, Iran, Jane Fraser, Japanese yen, Jill Disis, Justina Lee, Kasia Klimasinska, Kevin Warsh, Mark McCormick
More from Bloomberg Television
- Americans Crave Low-Cost Chinese EVs — Score: 50%
- Bloomberg This Weekend | Shots Fired at WHCD — Score: 50%
- Rep. Beyer: "We Are More Divided Than We've Ever Been" — Score: 50%
- Rep. McCaul on How to Combat Political Violence — Score: 50%
- Sen. Tillis Expected to Clear Way for Kevin Warsh as Fed Chair — Score: 50%
- King Charles' Security Under Review ahead of DC Visit — Score: 50%