China, Trump and Stocks
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TOKYO — Asian shares were trading mixed early Thursday after Wall Street’s rally stalled as investors appeared not to react much to the results of the latest round of China-U.S. trade talks. U.S. futures slipped while oil prices rose.
Gold prices edged higher on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.
Trump announced that the U.S. would charge a 55% tariff on Chinese goods, while Beijing would impose a 10% tariff on U.S. goods. He also proclaimed that China will continue to export magnets and rare earth materials, while the U.S. would allow Chinese students to continue studying the U.S.
This week will bring consumer-price index and producer-price index data from May, providing new readings on inflation and how prices have changed as a result of tariff policies. Meanwhile, Apple is hosting its annual Worldwide Developers Conference,
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
Bitcoin ( BTC) needs to avoid wicks below $100,000 as markets grapple with the US-China trade deal. New analysis from Keith Alan, co-founder of trading resource Material Indicators, also puts the 2025 yearly open as a “line in the sand” for Bitcoin bulls.
The latest Consumer Price Index report showed inflation rose slightly to 2.4%. Meanwhile, Trump said the U.S. and China have reached a trade framework. Follow along for live updates on the Dow, S&P 500,
Thursday’s Forbes Daily newsletter covers latest on Boeing plane crash in India, May inflation, trade deal with China, the Global 2000 list of valuable companies & more.