๐ข *REMINDER*: *Key U.S.-China Trade Talks Set for Today in London* ๐บ๐ธ๐จ๐ณ
High-level trade negotiations between the U.S. and China are scheduled to take place today in London. The U.S. delegation includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, while Vice Premier He Lifeng is expected to lead the Chinese delegation.
๐ Market Implications
Investors are closely watching these talks, as a positive outcome could bolster market confidence. U.S. stock futures saw a slight uptick ahead of the discussions, with the S&P 500 recently closing above 6000 for the first time since February 21.
However, tensions remain high, with China's exports to the U.S. plunging 34.5% year-on-year in May, marking the steepest decline since February 2020.
๐ฎ Outlook
While hopes are pinned on a constructive dialogue, the outcome remains uncertain. Investors should stay informed and be prepared for potential market volatility depending on the results of the talks.