Forex
Trump-Xi Summit Boosts US Stock Futures Amid Falling Oil Prices
US stock futures have kicked off the week on an upbeat note, with the S&P 500 and Nasdaq 100 both showing gains ahead of a highly anticipated summit between US President Donald Trump and Chinese President Xi Jinping.
The positive sentiment is reflected in the market's performance, with the S&P 500 futures advancing by 0.7% and the Nasdaq 100 contracts rising by 1.1%. This momentum is largely driven by chipmakers, which are leading the gains in early US trading.
Meanwhile, oil prices have fallen for a fourth consecutive day, easing concerns about inflationary pressures from energy costs. As a result, Treasuries and European bonds have seen an increase, with the dollar trading relatively flat.