US, China hold trade talks in London
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The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,
US stock futures wavered as Wall Street digested the progress on US-China trade negotiations, a fresh legal ruling on President Trump tariffs, and braced for the release of the May inflation report.
India's benchmark indexes opened marginally higher on Wednesday, mirroring gains in other Asian markets on signs of progress in trade talks between the U.S. and its key trading partners such as India and China.
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.
Asian shares are mostly higher as investors keep an eye on China-U.S. trade talks that might help stave off a recession.
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Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.
[CNBC] Asia-Pacific markets set to mostly climb after Wall Street gains on optimism over U.S.-China trade talks progress This is CNBC's live blog covering Asia-Pacific markets.
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