US Futures Edge Higher as US-China Talks Take Focus
US stock futures edged higher on Monday as investors tracked ongoing discussions between American and Chinese leaders in New York, culminating in a summit between Presidents Donald Trump and Xi Jinping. Talks are expected to cover trade, artificial intelligence and disruptions in the Middle East. Trump also said he would “probably” be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly this week, where he may also hold discussions with other Persian Gulf leaders. Last week, the Dow fell 1.69% and the S&P 500 declined 0.08%, while the tech-heavy Nasdaq Composite advanced 0.72%. The moves came as the Federal Reserve raised interest rates for the first time in three years, while signaling further tightening to contain inflation. Markets also faced elevated oil prices and bond yields, reflecting growing concerns over inflationary pressures.
US stock futures edged higher on Monday as investors tracked ongoing discussions between American and Chinese leaders in New York, culminating in a summit between Presidents Donald Trump and Xi Jinping. Talks are expected to cover trade, artificial intelligence and disruptions in the Middle East. Trump also said he would “probably” be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly this week, where he may also hold discussions with other Persian Gulf leaders. 72%.
The moves came as the Federal Reserve raised interest rates for the first time in three years, while signaling further tightening to contain inflation. Markets also faced elevated oil prices and bond yields, reflecting growing concerns over inflationary pressures.