#USChinaTradeTalks US-China trade talks continue in London, where senior officials from both countries are meeting to address trade disputes. The goal is to achieve tangible progress, particularly regarding vital mineral exports. US officials hope to secure concrete commitments from China regarding the resumption of vital mineral exports, which could lead to an immediate easing of US export restrictions.
Key Developments:
Talks: US officials are focused on verifying China's seriousness in resuming vital mineral exports.
Financial Markets: US stock indices rose at the start of trading, with the S&P 500 rising 0.07% to 6,004.63.
Currencies: The kiwi leads gains, followed by the Australian dollar and the Japanese yen.
- Metals: Gold retreats while silver remains on an upward trajectory, with further gains expected if support at 34.40 holds.
Challenges:
Tariffs: US tariffs on Chinese exports remain a significant challenge, with Chinese exports to the US falling 34.5% in May.
- Trade tensions: Investors are hoping for progress in trade talks, which could contribute to the stability of financial markets.
