Markets Anticipate US-China Trade Talks Impact
Asian markets showed mixed results with optimism surrounding upcoming US-China trade talks. While China reported increased exports, US tariffs impacted exports to the US. The US and UK reached a trade deal, boosting US market indices. Challenges persist with companies like Krispy Kreme facing economic pressures.
Shares in Asia presented varied reactions on Friday, reflecting investor anticipation ahead of weekend US-China trade discussions. Notably, Chinese exports saw growth, but a significant drop in exports to the US was observed following heightened tariff impacts.
High-ranking trade officials from the US and China are scheduled for discussions in Geneva, with US President Donald Trump hinting at possible tariff reductions if talks progress positively. In parallel, US markets experienced gains, fueled by a new trade agreement with the UK and strong corporate earnings reports.
Axon Enterprise and Tapestry reported promising financial results, but Molson Coors and Krispy Kreme faced challenges. Despite present economic conditions seeming stable, apprehensions around tariffs and potential recession risks persist. Meanwhile, oil prices and currency fluctuations added to market dynamics.
(With inputs from agencies.)
ALSO READ
US-UK Trade Deal Sparks Market Momentum Amid Tariff Talks
Global Market Jitters as U.S.-UK Trade Deal Sparks Guarded Optimism
Trump Proposes 80% China Tariffs, Secures Historic UK Trade Deal
Tesco Sticks to Irish and British Beef Amid U.S.-UK Trade Deal
EU Scrutinizes US-UK Trade Deal: Implications for EU and Global Trade
Google News