U.S.-China Trade Talks Show Progress, Markets React
- U.S. officials reported “substantial progress” in trade talks with China, but details are pending.
- China’s consumer prices decreased by 0.1% year-on-year in April, marking the third consecutive month of deflation.
- Bitcoin and Ether prices fell by 0.6% and 2.9%, respectively, amid broader altcoin losses and ETF outflows.
- U.S. stock futures rose, with Dow futures up 1.3%, S&P 500 gaining 1.4%, and Nasdaq 100 increasing by 1.6%.
The U.S.-China trade discussions were described as productive, yet the lack of specific details led to a decline in cryptocurrency markets, while U.S. stock futures saw gains.
Source (2.6)https://decrypt.co/318953/us-futures-rise-crypto-falls-white-house-signals-progress-china-talks?rand=52368
