Stocks and dollar rise due to optimism in US-China trade talks, easing recession fears.

From Yahoo Finance: 2025-05-11 19:20:00

Wall Street stock futures rose and the dollar strengthened against safe-haven currencies as optimism over U.S.-China trade talks grew, easing fears of a global recession. Progress in the talks led to hopes for a broader trade agreement, with S&P 500 and Nasdaq futures climbing. The dollar gained against the yen and euro, while Nikkei futures also rose. Federal Reserve’s stance on interest rates and upcoming U.S. economic data could impact future rate cuts. Gold prices fell as risk appetite increased, while oil prices rose on hopes of trade progress despite OPEC+ supply concerns. (Wayne Cole)



Read more at Yahoo Finance: Stocks, dollar gain on US-China trade talks, detail needed