Global stocks have risen as investor optimism increases that the U.S. and China are close to reaching a trade agreement.
U.S. futures gained momentum before the bell, with Dow Jones futures up 0.6%, S&P 500 futures increasing 0.8%, and Nasdaq 100 futures rising 1.2%.
This morning, the pan-European Stoxx 600 increased by approximately 0.3%, while Japan’s Nikkei 225 surpassed the 50,000 level for the first time, closing up 2.46%. Additionally, South Korea’s Kospi rose 2.57%.
The positive trend is driven by remarks from Treasury Secretary Scott Bessent, who expressed optimism ahead of Xi and Trump’s meeting in South Korea.
Speaking from Kuala Lumpur, Malaysia, Bessent stated: “I think we’ve reached a substantial framework for the two leaders who will meet next Thursday … that tariffs will be averted.” Bessent also acknowledged that he expects the U.S. to receive “some kind of deferral” regarding rare-earth export controls.
Upon arriving in Malaysia, Trump also showed optimism, indicated he was open to making some concessions, and suggested there is a “very good chance of making a very comprehensive deal.”
China’s top trade negotiator, Li Chenggang stated, “The U.S. position has been tough, whereas China has been firm in defending its own interests and rights. We have experienced very intense consultations and engaged in constructive exchanges in exploring solutions and arrangements to address these concerns.”
By CEO NA Editorial Staff
