US and China agree on plan to ease export controls
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US-China to resume trade talks in London after Trump-Xi call, with rare-earth minerals and tech curbs at center stage amid cautious investor optimism.
As well as Lutnick, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet Chinese officials in London.
The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,
US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.
Oil prices rose to a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade negotiations, while pessimism over U.S.-Iran nuclear talks also provided support. Brent crude futures were up 82 cents,