Trade tensions with Beijing easing, boosting global markets, but Apple's earnings impacted by tariffs

From Yahoo Finance: 2025-05-02 00:32:00

Trade tensions between Beijing and Washington may be easing, boosting global markets. China is considering talks to address President Trump’s tariffs, but demands sincerity from the U.S. in negotiations. The prospect of trade talks has calmed investor worries over economic downturn fears. S&P 500 and Nasdaq futures surged, with European markets set for a strong open. Apple’s earnings reflect the impact of tariffs, leading to a cut in share buyback program. Markets are finding comfort in Beijing’s comments, but unresolved trade talks with allies remain. Economic events and earnings reports will influence markets on Friday.



Read more at Yahoo Finance: Bright signs from Beijing, bad omens from Apple