#USChinaTradeTalks
๐ U.S. Markets
General Sentiment: Cautiously optimistic
S&P 500: Rose +0.6% as optimism grew around potential easing of U.S.-China tensions, particularly in rare earth supplies.
Nasdaq Composite: Jumped +0.9%, led by tech and semiconductor stocks on hopes of loosened Chinese export controls.
Dow Jones: Gained +0.4%, buoyed by industrials and exporters.
Nvidia, AMD, Intel: Rose between 1.5โ3% due to signs China may resume rare earth exports vital to chipmaking.
Boeing: Climbed +1.2% after reports that the U.S. might ease some engine tech restrictions if China complies.
๐จ๐ณ Chinese Markets
General Sentiment: Muted optimism, tempered by poor export data
Shanghai Composite: Up +0.3%
Hang Seng Index (HK): Rose +0.5%, mainly driven by tech firms and exporters.
๐ Headwind:
Chinaโs May exports
๐ช๐บ European Markets
General Sentiment: Mixed
DAX (Germany): Flat, despite automakers like BMW and Volkswagen expressing concern about rare earth supply chain instability.
FTSE 100 (UK): Gained +0.4% as London hosts the talks, boosting short-term investor optimism.
๐ต Currency & Commodities
U.S. Dollar Index (DXY): Held steady; traders are in a wait-and-see mode.
Chinese Yuan: Strengthened slightly against the dollar on hopes of easing trade tensions.
Rare Earth Prices: Prices for Neodymium and Dysprosium spiked ~5โ7% due to recent export bottlenecks but could stabilize if China resumes exports.
Oil (WTI): Dipped slightly to $75.60/barrel as global demand concerns linger.
๐ Bond Market
U.S. 10-Year Treasury Yield: Fell to 4.12%, indicating continued investor caution despite equity gains.
Short-term: Markets like the opticsโprogress is better than confrontation.
Medium-term: Skepticism remains. Investors want concrete agreements, especially around rare earth access and tech restrictions.
Risk: If the talks break down or promises go unfulfilled, expect sharp volatilityโparticularly in tech, industrials, and energy.