Latest news with #XIJinping
Yahoo
12-05-2025
- Business
- Yahoo
Stock market today: Dow gains 900 points, while S&P 500, Nasdaq surge as US-China deal spurs a rush into stocks
US stocks shot higher on Monday in the wake of a US-China deal to temporarily slash reciprocal tariffs, a reprieve for markets fretting about the economic damage from a trade war. The S&P 500 (^GSPC) soared 2.4%, while the Dow Jones Industrial Average (^DJI) surged 2.2%, or more than 900 points. The tech-heavy Nasdaq Composite (^IXIC) led gains, rocketing up 3.2%. Wall Street is setting up for a banner day after the US and China put tariffs on pause for 90 days, as the scope of the tariff reductions surprised investors. The US is dropping its duties on most Chinese imports from 145% to 30%, while China is lowering its 125% tariff on US goods to 10%. Read more: The latest on Trump's tariffs Investors jumped into shares of Big Tech megacaps bruised by trade war worries. AI chip leader Nvidia (NVDA) soared 3%, with Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) also climbing. President Trump on Monday announced an executive order to cut prices on pharmaceutical drugs. Healthcare stocks were little changed on the announcement. Meanwhile, the dollar (DX=F) and US Treasury yields (^TNX) climbed, while oil (CL=F, BZ=F) powered higher to lead a rally in commodities. Traders will get their first sense of the initial inflationary effects of Trump's tariffs with the release of key inflation data this week. April's Consumer Price Index (CPI) report is due Tuesday, followed by retail sales and the Producer Price Index (PPI) on Thursday. Notable earnings on Monday included Fox (FOXA), which topped estimates on better than expected advertising revenue. Results from Sony (SONY), Alibaba (BABA), and Walmart (WMT) are due later this week. President Trump promised to cut the cost of pharmaceutical drugs in the US on Monday via an executive order. "Starting today, the United States will no longer subsidize the healthcare of other foreign countries ... and will no longer tolerate profiteering and price-gauging from Big Pharma," Trump said. "We're getting them down 67%, 80%, 90%," Trump said on price reductions. The president said the US has the highest prices in the world, as the nation is where pharmaceutical companies make most of their profits, while the same drugs cost much less in other parts of the world. President Trump says China has agreed to "opening up" to US businesses, though a formal agreement has yet to be reached. "The biggest thing that we're discussing is the opening up of China, and they've agreed to do that, but it's going to take a while to paper it. That's not the easiest thing to paper," Trump said. The president also said China will suspend all of its non-monetary barriers. Trump made the comments during a press briefing about the signing of an executive order to slash drug prices. Trump also indicated he will speak with Chinese leader XI Jinping, "maybe at the end of the week." Gold futures (GC=F) tumbled 3% as investors jumped into equities, selling off the safe-haven asset after the US and China's temporary trade truce. As of 9:45 a.m. ET futures hovered near $3,244 per ounce. The precious metal is up roughly 24% year to date after a massive run-up in recent months as investors flocked to the safe-haven asset amid a global trade war. Productive talks between the US and China have eased concerns of a slowdown due to tariffs. Stocks soared on Monday after a trade deal between the US and China resulted in a 90-day pause on tariffs. Duties on imports from both countries are set to drop by 115 percentage points by Wednesday. Tech stocks led the gains, with the Nasdaq Composite (IXIC) surging over 3%, while the S&P 500 (GSPC) soared 3%. The Dow Jones Industrial Average (^DJI) jumped more than 2.4%, or over 1,000 points. The "Magnificent 7" megacap tech stocks rallied, with shares of e-commerce giant Amazon (AMZN) rising 7.6%. Tesla (TSLA) also gained 7.8%Apple (AAPL), Meta (META), and Alphabet (GOOG, GOOGL) all advanced. Big Tech stocks continue to rally premarket on the temporary reprieve in US and China tariffs, with Amazon (AMZN) and Tesla (TSLA) leading the morning's "Magnificent Seven" gains. Yahoo Finance's Laura Bratton reports on the initial reaction in tech stocks: Read more here. A pause on the large portion of tariffs between China and the US has Wall Street strategists turning more bullish again. In a note to clients on Monday morning, Fundstrat head of research Tom Lee said the recent updates on negotiations with China "add to a series of incremental macro positives over the past few weeks, which have supported the improving positive risk/reward in stocks." "We believe the probabilities favor a V-shaped recovery," Lee said, noting that the recent surge in bearish sentiment among investors has more room to flip positive. US tech stocks rallied across the board on the news of a US-China trade deescalation, lifting futures on the Nasdaq Composite (NQ=F). Amazon (AMZN), the No. 1 trending ticker on Yahoo Finance Monday morning, spiked 7.6%. The tariff pause is likely a welcome sign for the e-commerce giant, whose sellers often source goods from China. In other tech names, Apple (AAPL) surged 6.2%, Meta (META) added 5.5%, and Alphabet (GOOG, GOOGL) advanced 2.4%. Tesla (TSLA) also soared 7.8%, adding to a wave of good fortune, which Yahoo Finance's Hamza Shaban wrote about here. Tesla stock is up nearly 15% in the past three weeks Chipmakers also rallied, with Nvidia (NVDA) and AMD (AMD) up 4.5% and 5.5%, respectively. Stock futures are surging after the US and China agreed to slash tariffs and deescalate the two countries' trade war. S&P 500 futures (ES=F) climbed 3%, while Dow Jones Industrial Average futures (YM=F) gained 2.4%, or around 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led gains, soaring 3.8%. Meanwhile, the US dollar ( gained 1.4%. Bitcoin (BTC-USD) declined slightly, down 0.25%. and Gold (GC=F) tumbled 3.6% to trade around $3,220 per ounce. Bloomberg reports: Read more here. Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to 30% and Chinese tariffs on US goods to 10%. It's a clear vote by the market in favour of riskier assets. It's a step in the right direction and a positive of U.S. assets and U.S. economy." Jane Foley, Rabobank head of FX strategy "That doesn't mean that we're back to where we were before the Trump inauguration, the 10% baseline tariff still exists everywhere, the 90 pause is there and the clock is starting to tick. The overall scenario is not as bad as it could have been, but we still have a fair amount of uncertainty about where these tariffs will settle, their impact on world growth and central bank policy." Read more from Reuters here. Crude oil, copper (HG=F) and crop futures rose, but gold prices sank after the US and China said they had agreed to a mutual reduction in tariffs. Brent crude rose 2.4% to trade above $65 a barrel, while WTI crude jumped 2.6% to almost $63 a barrel. Bloomberg reported: Read more here. Oil prices fluttered on Monday after optimism as traders looked for concrete outcomes from recent US-China trade negotiations, which both sides described as showing 'substantial progress.' Bloomberg reports: Read more here. President Trump promised to cut the cost of pharmaceutical drugs in the US on Monday via an executive order. "Starting today, the United States will no longer subsidize the healthcare of other foreign countries ... and will no longer tolerate profiteering and price-gauging from Big Pharma," Trump said. "We're getting them down 67%, 80%, 90%," Trump said on price reductions. The president said the US has the highest prices in the world, as the nation is where pharmaceutical companies make most of their profits, while the same drugs cost much less in other parts of the world. President Trump says China has agreed to "opening up" to US businesses, though a formal agreement has yet to be reached. "The biggest thing that we're discussing is the opening up of China, and they've agreed to do that, but it's going to take a while to paper it. That's not the easiest thing to paper," Trump said. The president also said China will suspend all of its non-monetary barriers. Trump made the comments during a press briefing about the signing of an executive order to slash drug prices. Trump also indicated he will speak with Chinese leader XI Jinping, "maybe at the end of the week." Gold futures (GC=F) tumbled 3% as investors jumped into equities, selling off the safe-haven asset after the US and China's temporary trade truce. As of 9:45 a.m. ET futures hovered near $3,244 per ounce. The precious metal is up roughly 24% year to date after a massive run-up in recent months as investors flocked to the safe-haven asset amid a global trade war. Productive talks between the US and China have eased concerns of a slowdown due to tariffs. Stocks soared on Monday after a trade deal between the US and China resulted in a 90-day pause on tariffs. Duties on imports from both countries are set to drop by 115 percentage points by Wednesday. Tech stocks led the gains, with the Nasdaq Composite (IXIC) surging over 3%, while the S&P 500 (GSPC) soared 3%. The Dow Jones Industrial Average (^DJI) jumped more than 2.4%, or over 1,000 points. The "Magnificent 7" megacap tech stocks rallied, with shares of e-commerce giant Amazon (AMZN) rising 7.6%. Tesla (TSLA) also gained 7.8%Apple (AAPL), Meta (META), and Alphabet (GOOG, GOOGL) all advanced. Big Tech stocks continue to rally premarket on the temporary reprieve in US and China tariffs, with Amazon (AMZN) and Tesla (TSLA) leading the morning's "Magnificent Seven" gains. Yahoo Finance's Laura Bratton reports on the initial reaction in tech stocks: Read more here. A pause on the large portion of tariffs between China and the US has Wall Street strategists turning more bullish again. In a note to clients on Monday morning, Fundstrat head of research Tom Lee said the recent updates on negotiations with China "add to a series of incremental macro positives over the past few weeks, which have supported the improving positive risk/reward in stocks." "We believe the probabilities favor a V-shaped recovery," Lee said, noting that the recent surge in bearish sentiment among investors has more room to flip positive. US tech stocks rallied across the board on the news of a US-China trade deescalation, lifting futures on the Nasdaq Composite (NQ=F). Amazon (AMZN), the No. 1 trending ticker on Yahoo Finance Monday morning, spiked 7.6%. The tariff pause is likely a welcome sign for the e-commerce giant, whose sellers often source goods from China. In other tech names, Apple (AAPL) surged 6.2%, Meta (META) added 5.5%, and Alphabet (GOOG, GOOGL) advanced 2.4%. Tesla (TSLA) also soared 7.8%, adding to a wave of good fortune, which Yahoo Finance's Hamza Shaban wrote about here. Tesla stock is up nearly 15% in the past three weeks Chipmakers also rallied, with Nvidia (NVDA) and AMD (AMD) up 4.5% and 5.5%, respectively. Stock futures are surging after the US and China agreed to slash tariffs and deescalate the two countries' trade war. S&P 500 futures (ES=F) climbed 3%, while Dow Jones Industrial Average futures (YM=F) gained 2.4%, or around 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led gains, soaring 3.8%. Meanwhile, the US dollar ( gained 1.4%. Bitcoin (BTC-USD) declined slightly, down 0.25%. and Gold (GC=F) tumbled 3.6% to trade around $3,220 per ounce. Bloomberg reports: Read more here. Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to 30% and Chinese tariffs on US goods to 10%. It's a clear vote by the market in favour of riskier assets. It's a step in the right direction and a positive of U.S. assets and U.S. economy." Jane Foley, Rabobank head of FX strategy "That doesn't mean that we're back to where we were before the Trump inauguration, the 10% baseline tariff still exists everywhere, the 90 pause is there and the clock is starting to tick. The overall scenario is not as bad as it could have been, but we still have a fair amount of uncertainty about where these tariffs will settle, their impact on world growth and central bank policy." Read more from Reuters here. Crude oil, copper (HG=F) and crop futures rose, but gold prices sank after the US and China said they had agreed to a mutual reduction in tariffs. Brent crude rose 2.4% to trade above $65 a barrel, while WTI crude jumped 2.6% to almost $63 a barrel. Bloomberg reported: Read more here. Oil prices fluttered on Monday after optimism as traders looked for concrete outcomes from recent US-China trade negotiations, which both sides described as showing 'substantial progress.' Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Stock market today: Dow gains 900 points, while S&P 500, Nasdaq surge as US-China deal spurs a rush into stocks
US stocks shot higher on Monday in the wake of a US-China deal to temporarily slash reciprocal tariffs, a reprieve for markets fretting about the economic damage from a trade war. The S&P 500 (^GSPC) soared 2.4%, while the Dow Jones Industrial Average (^DJI) surged 2.2%, or more than 900 points. The tech-heavy Nasdaq Composite (^IXIC) led gains, rocketing up 3.2%. Wall Street is setting up for a banner day after the US and China put tariffs on pause for 90 days, as the scope of the tariff reductions surprised investors. The US is dropping its duties on most Chinese imports from 145% to 30%, while China is lowering its 125% tariff on US goods to 10%. Read more: The latest on Trump's tariffs Investors jumped into shares of Big Tech megacaps bruised by trade war worries. AI chip leader Nvidia (NVDA) soared 3%, with Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) also climbing. President Trump on Monday announced an executive order to cut prices on pharmaceutical drugs. Healthcare stocks were little changed on the announcement. Meanwhile, the dollar (DX=F) and US Treasury yields (^TNX) climbed, while oil (CL=F, BZ=F) powered higher to lead a rally in commodities. Traders will get their first sense of the initial inflationary effects of Trump's tariffs with the release of key inflation data this week. April's Consumer Price Index (CPI) report is due Tuesday, followed by retail sales and the Producer Price Index (PPI) on Thursday. Notable earnings on Monday included Fox (FOXA), which topped estimates on better than expected advertising revenue. Results from Sony (SONY), Alibaba (BABA), and Walmart (WMT) are due later this week. President Trump promised to cut the cost of pharmaceutical drugs in the US on Monday via an executive order. "Starting today, the United States will no longer subsidize the healthcare of other foreign countries ... and will no longer tolerate profiteering and price-gauging from Big Pharma," Trump said. "We're getting them down 67%, 80%, 90%," Trump said on price reductions. The president said the US has the highest prices in the world, as the nation is where pharmaceutical companies make most of their profits, while the same drugs cost much less in other parts of the world. President Trump says China has agreed to "opening up" to US businesses, though a formal agreement has yet to be reached. "The biggest thing that we're discussing is the opening up of China, and they've agreed to do that, but it's going to take a while to paper it. That's not the easiest thing to paper," Trump said. The president also said China will suspend all of its non-monetary barriers. Trump made the comments during a press briefing about the signing of an executive order to slash drug prices. Trump also indicated he will speak with Chinese leader XI Jinping, "maybe at the end of the week." Gold futures (GC=F) tumbled 3% as investors jumped into equities, selling off the safe-haven asset after the US and China's temporary trade truce. As of 9:45 a.m. ET futures hovered near $3,244 per ounce. The precious metal is up roughly 24% year to date after a massive run-up in recent months as investors flocked to the safe-haven asset amid a global trade war. Productive talks between the US and China have eased concerns of a slowdown due to tariffs. Stocks soared on Monday after a trade deal between the US and China resulted in a 90-day pause on tariffs. Duties on imports from both countries are set to drop by 115 percentage points by Wednesday. Tech stocks led the gains, with the Nasdaq Composite (IXIC) surging over 3%, while the S&P 500 (GSPC) soared 3%. The Dow Jones Industrial Average (^DJI) jumped more than 2.4%, or over 1,000 points. The "Magnificent 7" megacap tech stocks rallied, with shares of e-commerce giant Amazon (AMZN) rising 7.6%. Tesla (TSLA) also gained 7.8%Apple (AAPL), Meta (META), and Alphabet (GOOG, GOOGL) all advanced. Big Tech stocks continue to rally premarket on the temporary reprieve in US and China tariffs, with Amazon (AMZN) and Tesla (TSLA) leading the morning's "Magnificent Seven" gains. Yahoo Finance's Laura Bratton reports on the initial reaction in tech stocks: Read more here. A pause on the large portion of tariffs between China and the US has Wall Street strategists turning more bullish again. In a note to clients on Monday morning, Fundstrat head of research Tom Lee said the recent updates on negotiations with China "add to a series of incremental macro positives over the past few weeks, which have supported the improving positive risk/reward in stocks." "We believe the probabilities favor a V-shaped recovery," Lee said, noting that the recent surge in bearish sentiment among investors has more room to flip positive. US tech stocks rallied across the board on the news of a US-China trade deescalation, lifting futures on the Nasdaq Composite (NQ=F). Amazon (AMZN), the No. 1 trending ticker on Yahoo Finance Monday morning, spiked 7.6%. The tariff pause is likely a welcome sign for the e-commerce giant, whose sellers often source goods from China. In other tech names, Apple (AAPL) surged 6.2%, Meta (META) added 5.5%, and Alphabet (GOOG, GOOGL) advanced 2.4%. Tesla (TSLA) also soared 7.8%, adding to a wave of good fortune, which Yahoo Finance's Hamza Shaban wrote about here. Tesla stock is up nearly 15% in the past three weeks Chipmakers also rallied, with Nvidia (NVDA) and AMD (AMD) up 4.5% and 5.5%, respectively. Stock futures are surging after the US and China agreed to slash tariffs and deescalate the two countries' trade war. S&P 500 futures (ES=F) climbed 3%, while Dow Jones Industrial Average futures (YM=F) gained 2.4%, or around 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led gains, soaring 3.8%. Meanwhile, the US dollar ( gained 1.4%. Bitcoin (BTC-USD) declined slightly, down 0.25%. and Gold (GC=F) tumbled 3.6% to trade around $3,220 per ounce. Bloomberg reports: Read more here. Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to 30% and Chinese tariffs on US goods to 10%. It's a clear vote by the market in favour of riskier assets. It's a step in the right direction and a positive of U.S. assets and U.S. economy." Jane Foley, Rabobank head of FX strategy "That doesn't mean that we're back to where we were before the Trump inauguration, the 10% baseline tariff still exists everywhere, the 90 pause is there and the clock is starting to tick. The overall scenario is not as bad as it could have been, but we still have a fair amount of uncertainty about where these tariffs will settle, their impact on world growth and central bank policy." Read more from Reuters here. Crude oil, copper (HG=F) and crop futures rose, but gold prices sank after the US and China said they had agreed to a mutual reduction in tariffs. Brent crude rose 2.4% to trade above $65 a barrel, while WTI crude jumped 2.6% to almost $63 a barrel. Bloomberg reported: Read more here. Oil prices fluttered on Monday after optimism as traders looked for concrete outcomes from recent US-China trade negotiations, which both sides described as showing 'substantial progress.' Bloomberg reports: Read more here. President Trump promised to cut the cost of pharmaceutical drugs in the US on Monday via an executive order. "Starting today, the United States will no longer subsidize the healthcare of other foreign countries ... and will no longer tolerate profiteering and price-gauging from Big Pharma," Trump said. "We're getting them down 67%, 80%, 90%," Trump said on price reductions. The president said the US has the highest prices in the world, as the nation is where pharmaceutical companies make most of their profits, while the same drugs cost much less in other parts of the world. President Trump says China has agreed to "opening up" to US businesses, though a formal agreement has yet to be reached. "The biggest thing that we're discussing is the opening up of China, and they've agreed to do that, but it's going to take a while to paper it. That's not the easiest thing to paper," Trump said. The president also said China will suspend all of its non-monetary barriers. Trump made the comments during a press briefing about the signing of an executive order to slash drug prices. Trump also indicated he will speak with Chinese leader XI Jinping, "maybe at the end of the week." Gold futures (GC=F) tumbled 3% as investors jumped into equities, selling off the safe-haven asset after the US and China's temporary trade truce. As of 9:45 a.m. ET futures hovered near $3,244 per ounce. The precious metal is up roughly 24% year to date after a massive run-up in recent months as investors flocked to the safe-haven asset amid a global trade war. Productive talks between the US and China have eased concerns of a slowdown due to tariffs. Stocks soared on Monday after a trade deal between the US and China resulted in a 90-day pause on tariffs. Duties on imports from both countries are set to drop by 115 percentage points by Wednesday. Tech stocks led the gains, with the Nasdaq Composite (IXIC) surging over 3%, while the S&P 500 (GSPC) soared 3%. The Dow Jones Industrial Average (^DJI) jumped more than 2.4%, or over 1,000 points. The "Magnificent 7" megacap tech stocks rallied, with shares of e-commerce giant Amazon (AMZN) rising 7.6%. Tesla (TSLA) also gained 7.8%Apple (AAPL), Meta (META), and Alphabet (GOOG, GOOGL) all advanced. Big Tech stocks continue to rally premarket on the temporary reprieve in US and China tariffs, with Amazon (AMZN) and Tesla (TSLA) leading the morning's "Magnificent Seven" gains. Yahoo Finance's Laura Bratton reports on the initial reaction in tech stocks: Read more here. A pause on the large portion of tariffs between China and the US has Wall Street strategists turning more bullish again. In a note to clients on Monday morning, Fundstrat head of research Tom Lee said the recent updates on negotiations with China "add to a series of incremental macro positives over the past few weeks, which have supported the improving positive risk/reward in stocks." "We believe the probabilities favor a V-shaped recovery," Lee said, noting that the recent surge in bearish sentiment among investors has more room to flip positive. US tech stocks rallied across the board on the news of a US-China trade deescalation, lifting futures on the Nasdaq Composite (NQ=F). Amazon (AMZN), the No. 1 trending ticker on Yahoo Finance Monday morning, spiked 7.6%. The tariff pause is likely a welcome sign for the e-commerce giant, whose sellers often source goods from China. In other tech names, Apple (AAPL) surged 6.2%, Meta (META) added 5.5%, and Alphabet (GOOG, GOOGL) advanced 2.4%. Tesla (TSLA) also soared 7.8%, adding to a wave of good fortune, which Yahoo Finance's Hamza Shaban wrote about here. Tesla stock is up nearly 15% in the past three weeks Chipmakers also rallied, with Nvidia (NVDA) and AMD (AMD) up 4.5% and 5.5%, respectively. Stock futures are surging after the US and China agreed to slash tariffs and deescalate the two countries' trade war. S&P 500 futures (ES=F) climbed 3%, while Dow Jones Industrial Average futures (YM=F) gained 2.4%, or around 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led gains, soaring 3.8%. Meanwhile, the US dollar ( gained 1.4%. Bitcoin (BTC-USD) declined slightly, down 0.25%. and Gold (GC=F) tumbled 3.6% to trade around $3,220 per ounce. Bloomberg reports: Read more here. Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to 30% and Chinese tariffs on US goods to 10%. It's a clear vote by the market in favour of riskier assets. It's a step in the right direction and a positive of U.S. assets and U.S. economy." Jane Foley, Rabobank head of FX strategy "That doesn't mean that we're back to where we were before the Trump inauguration, the 10% baseline tariff still exists everywhere, the 90 pause is there and the clock is starting to tick. The overall scenario is not as bad as it could have been, but we still have a fair amount of uncertainty about where these tariffs will settle, their impact on world growth and central bank policy." Read more from Reuters here. Crude oil, copper (HG=F) and crop futures rose, but gold prices sank after the US and China said they had agreed to a mutual reduction in tariffs. Brent crude rose 2.4% to trade above $65 a barrel, while WTI crude jumped 2.6% to almost $63 a barrel. Bloomberg reported: Read more here. Oil prices fluttered on Monday after optimism as traders looked for concrete outcomes from recent US-China trade negotiations, which both sides described as showing 'substantial progress.' Bloomberg reports: Read more here.
Sydney Morning Herald
07-05-2025
- Politics
- Sydney Morning Herald
China's President Xi Jinping arrives in Moscow for talks with Russian leader
World China's President XI Jinping has arrived in Moscow for talks with Russian leader Vladimir Putin.
The Age
07-05-2025
- Politics
- The Age
China's President Xi Jinping arrives in Moscow for talks with Russian leader
World China's President XI Jinping has arrived in Moscow for talks with Russian leader Vladimir Putin.
Time of India
07-05-2025
- Politics
- Time of India
China's Xi aims to beef up 'no limits' Putin partnership
Chinese President XI Jinping (Left) and Vladimir Putin (AP) Guest of honour Fine line MOSCOW: Chinese President Xi Jinping headed to Moscow on Wednesday for a key three-day visit including a grand Victory Day parade and a show of support for Vladimir and Beijing declared a "no limits partnership" weeks before Putin ordered Russia's Ukraine offensive in February 2022. The expanded military and trade ties since have troubled the visit comes with rising China-US tensions over biting US trade tariffs, while President Donald Trump has also made overtures to Putin in a bid to mediate the conflict in Tuesday, the Kremlin praised Russia-China relations as a "genuine example" of cooperation and said they were "at their highest point".It said Putin and Xi will discuss Ukraine and Russia-US relations at a one-to-one foreign ministry said the leaders will "rally the Global South, shape global governance in the right direction, unequivocally oppose acts of unilateralism and bullying, and jointly promote an equal and orderly multipolar world", state broadcaster CCTV will address the "grandest" ever annual Victory Day parade in Moscow on Friday for the 80th anniversary of defeat of Nazi Germany in World War II to rally support for his troops fighting in is to be the guest of honour at the May 9 parade among 29 other foreign leaders, three of whom come from non-recognised or partially recognised has ordered a three-day ceasefire on the Ukraine frontlines to coincide with the has dismissed the gesture as an attempt by Moscow to secure the safety of the parade and called for a month-long ceasefire which hit Moscow with drones just days before the parade, has said it cannot take responsibility for what happens in countries had approached Kyiv to ask for safety for their leaders attending the parade, it has sent 102 soldiers, the largest foreign military contingent among the 13 participating nations, for the warned Tuesday against any foreign troops participating in the parade, calling it "unacceptable" and helping Moscow "whitewash its war crimes".World War II, officially remembered in Russia as the "Great Patriotic War", had a devastating impact on the Soviet Union, resulting in more than 20 million civilian and military his rule, Putin has tapped into this national trauma, making May 9 Russia's most important public holiday and championing his army as defenders against Kremlin has also drawn parallels between its offensive against Ukraine and the fight against the has portrayed itself as a neutral party in the more than three-year conflict, although Western governments say its close ties to Russia have given Moscow crucial economic and diplomatic President Volodymyr Zelenskyy in April accused China of supplying arms to Russia and alleged Beijing knew of at least 155 Chinese nationals fighting alongside Russian denied that its citizens were being recruited en masse by Russia and urged Chinese nationals not to become involved in also rejected claims it was supplying weapons to any side in the the past decade, China and Russia have deepened their ties however, with Beijing becoming Moscow's largest trading partner following sweeping Western Russia ranks only as China's fifth-largest trading partner, with Beijing primarily relying on Moscow for its vast supplies of natural gas and companies quickly stepped in to fill the void left by the exodus of Western firms, particularly in the auto sector, after Russia launched its offensive in two countries have shifted nearly all their bilateral transactions to local currencies, with 95 percent of payments now settled in rubles and yuan.
