US and China meet for trade talks, market cautious

From Yahoo Finance: 2025-05-07 00:33:00

Global markets responded with caution to news of a U.S.-China trade officials meeting this weekend in Geneva. U.S. Treasury Secretary mentioned discussions on de-escalation, but China remains guarded. China announced interest rate cuts and expanded stock market investment channels. Markets await the Federal Reserve meeting, expecting no policy change but looking for clues on sensitivity to jobs and inflation. India’s rupee weakened amid escalated tensions with Pakistan. Asian currencies eased after recent gains against the U.S. dollar. European markets anticipate second-tier data and earnings reports from Fresenius and Novo Nordisk. Key focus remains on the Federal Reserve meeting.



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