Stocks Advance After Bessent Says Talks with China Were Successful Before Trump-Xi Meeting – WTOP News
- Wall Street's main indices opened lower on Wednesday, with the Dow Jones Industrial Average falling 92.3 points as rising oil prices and government bond yields pressured markets.
- Investors awaited developments from negotiations to end the Middle East conflict, while the upcoming US-China summit added to geopolitical uncertainty affecting market sentiment.
- The 10-year Treasury yield jumped to 5.05% from 4.96% late Tuesday, a considerable move for the bond market, while Brent crude oil rose 2.4% to $101.59.
- Fed Gov. Michael Barr said Wednesday that in his base case, further policy adjustments are likely needed to ensure inflation comes down to target in a timely fashion.
- Ahead of the Chinese President's state visit to Washington to meet with President Donald Trump, stock indexes fell 1% in Hong Kong and 0.4% in Shanghai.
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US stocks fall after bond yields jump on higher oil prices and a strong economic report
U.S. stocks are faltering after oil prices halted their slide, while a surprisingly strong report on U.S. business activity raised worries about inflation. The S&P 500 sank 0.8% Wednesday and dropped 1.3% below its record set last month. The Dow…
US open to extending China trade truce, or bigger deal, Bessent says
WASHINGTON — The United States is open to extending the U.S.-China trade truce that expires on November 10 or considering a possibly larger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday as he left a meeting with Chinese Vice Premier He Lifeng to prepare for a summit between the two countries' leaders. Bessent gave no details about a potentially bigger U.S.-China trade deal following his second meeting with He in four days. …
Breaking | Bessent and He meet again for ‘some unfinished business’ as Xi summit nears
US Treasury Secretary Scott Bessent held an unscheduled meeting with Chinese Vice Premier He Lifeng in Washington on Wednesday, hours before Chinese President Xi Jinping was due to arrive for a state visit. “We had some unfinished business from Sunday. We want strategic stability, but it has to be based on reciprocity and fairness,” Bessent told Fox News on his way to the meeting. The talks are under way at the World Bank headquarters in the US …
European stock markets opened on a positive note on Wednesday, with oil prices still trading below $100 as supply concerns in the Middle East eased. However, as the day wore on, stock markets began to turn around, with European markets down sharply by the afternoon, and the US also weakening. Investors are now focusing on the meeting between Donald Trump and Xi Jinping and diplomatic developments in Iran, while the possibility of another Fed rat…
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