The world’s eyes are on China-US talks. Experts say the pulse of global markets is currently waiting for the US-China trade talks. At the same time, investors are monitoring the rising oil prices and American domestic crisis. On Monday, there was a limited movement in the US markets, as investors were waiting for the second day of the US-China talks.
How is the condition of American markets?
Dow Jones showed ups and downs in the range of 400 points. S&P 500 again closed above 6,000. Tesla’s strength overtook Nasdac.
On the other hand, the first day of America-China trade talks
The first day’s meeting ended at 8 pm in London time. There will be a meeting again at 10 am on Tuesday at 10 am. Trump said: “The conversation is going well, but it is not easy for China. US authorities described the meeting as ‘meaningful’ and ‘good’.
Chinese delegation returned without press conference
America indicated: America will reduce technology exports if China relaxes restrictions on ‘rare earth content’
Increase in China despite weak data
Chinese stocks listed in Hong Kong have entered the bull market. Hang Seng China Enterprise Index has jumped 20% from 7 April. According to Morgan Stanley, global investors are re -investing in China.
Chinese business day
Despite an estimate of 6%, exports increased by 5% in May. Since 2020, America was the highest export. It has declined sharply. Imports declined by 3.4%, the lowest in the last five months. The decline in the US was compensated by an increase in exports to countries like Vietnam.
But the situation worsened in Los Angeles
700 marines were sent to help the National Guard. This force reduces congestion control and stress. In the US, the army is usually not used in domestic matters. The California government said it would file a case against “illegal use of force”. Trump also spoke about the arrest of Governor Gavin Newsom.
Crude oil prices rise
Brent crude is trading above $ 67 per barrel. Traders are reducing short positions, which has supported prices. The United Nations has expressed concern over the growing uranium stock in Iran. The US and Iran will hold new talks in Vienna this week. The market eye is on every word of China-US talks. The situation in Los Angeles has increased political tension and oil prices are also increasing. Investors should pay special attention to global developments in the next 24 hours.
