This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Dow futures and the greenback surge as Wall Avenue cheers U.S.-China tariff talks
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Business

Dow futures and the greenback surge as Wall Avenue cheers U.S.-China tariff talks

Editorial Board
Editorial Board Published May 12, 2025
Share
Dow futures and the greenback surge as Wall Avenue cheers U.S.-China tariff talks
SHARE
Dow futures and the greenback surge as Wall Avenue cheers U.S.-China tariff talks
  • Monetary markets gave their preliminary response to tariff talks between the U.S. and China over the weekend. Whereas neither facet introduced something about tariffs, the White Home hinted at a deal to assist tackle America’s world commerce deficit, and China mentioned a “mechanism” could be established for future discussions on commerce and the economic system.

Traders weighed in Sunday on the preliminary U.S.-China commerce talks this weekend as each side signaled progress with out saying something about tariffs.

Futures for the Dow Jones Industrial Common jumped 401 factors, or 0.97%. S&P 500 futures leapt 1.15%, and Nasdaq futures surged 1.45%.

Dow futures misplaced a little bit of juice after President Donald Trump posted on social media that he plans to signal an govt order to reduce prescription drug costs, predicting they might come down by 30%-80%.

The greenback rallied 0.1% in opposition to the euro and 0.25% versus the yen. Gold, which has emerged as a most well-liked secure haven asset over the greenback, fell 2% to $3,273 per ounce.

The ten-year Treasury yield was up lower than 1 foundation level at 4.382%. U.S. oil costs rose 0.57% to $61.37 per barrel, and Brent crude edged up 0.49% to $64.22.

“I’m happy to report that we’ve made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent instructed reporters, including {that a} full briefing with extra specifics will come on Monday.

U.S. Commerce Consultant Jamieson Greer, who additionally participated within the negotiations with a Chinese language delegation led by Vice Premier He Lifeng, instructed some form of deal was made.

“Just remember why we’re here in the first place—the United States has a massive $1.2 trillion trade deficit, so the president declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency,” he mentioned.

Later, China’s He mentioned the 2 nations agreed to create “a consultation mechanism” for future discussions on commerce and financial points, whereas citing progress in talks as properly.

A complete commerce deal wasn’t anticipated this weekend, however the constructive feedback from the U.S. and China instructed that they a minimum of de-escalated commerce tensions, after President Donald Trump hit China with a 145% tariff and Beijing retaliated with a 125% obligation.

For now, the results of the tariff talks seems to be “a broad framework under which the two nations can conduct further talks, with the aim of reaching a broader trade agreement,” in line with Michael Brown, senior analysis strategist at Pepperstone.

“Not the worst case outcome that was possible from this weekend’s talks, far from it, but not a concrete deal either,” he wrote in a be aware.

As Wall Avenue seems forward to extra particulars on the tariff talks on Monday, key financial experiences are additionally due within the coming week.

The Labor Division will publish its client value index on Tuesday and its producer value index on Thursday, offering extra clues on inflation as tariffs started taking maintain final month.

Stories for month-to-month retail gross sales and industrial manufacturing are additionally scheduled for Thursday. A number of Federal Reserve officers will converse all through the week, after the central financial institution stored charges regular final week and indicated it is nonetheless in no hurry to regulate charges.

This story was initially featured on Fortune.com

TAGGED:CheersDollarDowfuturesStreetSurgetalksTariffU.S.ChinaWall
Share This Article
Twitter Email Copy Link Print
Previous Article ‘Dimension doesn’t matter’: Bhutan’s tiny sovereign wealth fund banks on inexperienced power and Bitcoin ‘Dimension doesn’t matter’: Bhutan’s tiny sovereign wealth fund banks on inexperienced power and Bitcoin
Next Article Limiting staffing throughout scarcity has the care sector frightened | UK Information Limiting staffing throughout scarcity has the care sector frightened | UK Information

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

“A Family’s Fight to Reclaim Their Legacy”

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

Two vital hazard alerts within the June employment report – Indignant Bear

Two vital hazard alerts within the…

July 9, 2025

Simone Biles Thirst Traps in Bikini Amidst Boob Job Hypothesis

Studying Time: 3 minutes Simone Biles…

July 9, 2025

You Might Also Like

Chime’s sticky person base makes it a winner for traders, analyst says
Business

Chime’s sticky person base makes it a winner for traders, analyst says

It’s been lower than a month since Chime Monetary went public, however the neobank is successful over analysts who're already…

6 Min Read
This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI
Business

This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI

For those who look again 10 years to the primary and authentic Amazon Prime Day gross sales occasion, you may…

5 Min Read
Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU
Business

Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU

French President Emmanuel Macron on Tuesday urged Britain to stay near its neighbors regardless of its exit from the European Union, saying…

8 Min Read
Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip
Business

Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip

Markets prolonged their downward slide on Tuesday as buyers remained cautious concerning the looming tariff deadline, with the S&P 500…

4 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?