News Topical, Digital Desk : The world's eyes are fixed on the China-US talks. Experts say that the heartbeat of the global markets is currently waiting for the US-China trade talks. On the other hand, investors are keeping an eye on the rise in oil prices and the US domestic crisis. Limited movement was seen in the US markets on Monday as investors are waiting for the second day of US-China talks.
How are the American markets doing?
Dow Jones fluctuated within a range of 400 points. S&P 500 again closed above 6,000. Nasdaq performed better due to the strength of Tesla.
On the other hand, the first day of the US-China trade talks ended at 8 pm London time. The meeting will be held again on Tuesday morning at 10 am London time. Trump said: “The talks are going well, but China is not easy. US officials described the meeting as 'meaningful' and 'good'.
The Chinese delegation returned without a press conference. The US indicated: If China eases restrictions on 'rare earth materials', then the US will ease technology exports.
China rises despite weak data Hong Kong-listed Chinese stocks have entered a bull market. The Hang Seng China Enterprise Index jumped 20% since April 7. According to Morgan Stanley, global investors are again increasing investment in China.
China's business sector exports grew 5% in May, although the estimate was 6%. Exports to the US are on the sharpest decline since 2020. Imports fell by 3.4%, declining in four of the last five months. The decline in the US is being compensated by countries like Vietnam. The increase in exports to China led to a sharp decline in the US.
But the situation in Los Angeles worsened. 700 Marine soldiers were sent to help the National Guard. This force is trained in crowd control and reducing conflict. The army is usually not used in domestic matters in America. The California government talked about filing a lawsuit against the "illegal use of force". Trump has also talked about arresting Governor Gavin Newsom.
Rise in crude oil prices Brent crude is trading above $67 per barrel. Traders are reducing short positions, which supported the price. The United Nations expressed concern over the rising uranium stock in Iran. The US and Iran will hold new talks in Vienna this week. The markets are watching every word in the China-US talks. The situation in Los Angeles has increased political tensions and oil prices are also rising. Investors should pay special attention to global developments in the next 24 hours.
--Advertisement--
Share



