23 October
S&P 500 rises on optimism over China-US trade negotiations
On Monday, the S&P 500 gained 1.2% as progress in Beijing and Washington trade negotiations boosted market optimism about averting global recession. However, Reuters-polled analysts cautioned that concrete details remain scarce.
According to investor expectations, the White House may reduce the 145% duties on Chinese imports. However, President Donald Trump remains determined to maintain broad tariffs, a move that would weigh on US economic growth and drive up inflation, Reuters notes.
Meanwhile, the Federal Reserve (Fed) is in no hurry to cut interest rates again. According to ANZ experts, it’s necessary to wait for May’s Consumer Price Index data to determine the Fed’s next steps.
Analysts expect the Fed to ease monetary policy in the third quarter. By then, officials will have assessed how higher tariffs are affecting US inflation.
Recommended
23 October
16 October
9 October
23 October
23 October
Top news
16 October
16 October
15 October
14 October