As U.S. and Chinese officials concluded trade talks this week, new data shows massive tariffs drove Chinese imports to their lowest levels in more than five years. U.S. tariffs on Chinese goods topped out at 145% in April when the Census Bureau collected trade data that showed a continuing decline in Chinese imports from March.

• Semtech has a price-to-sales (P/S) ratio of 3.4 against a figure of 3.0 for the S&P 500 • Additionally, the company's price-to-free cash flow (P/FCF) ratio is 52.6 compared to 20.5 for the S&P 500

Sir Keir Starmer flies to Canada later to meet Mark Carney, the former governor of the Bank of England who became his country's prime minister in March.The two men will get together in the Canadian capital Ottawa on Saturday evening,

US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.

The treasury secretary's remarks indicate that the Trump administration might be more inclined to shift the self-imposed deadline as it gets closer.

US Treasury Secretary Scott Bessent will testify before the House Ways and Means Committee on Wednesday, where he will be questioned about the progress of trade negotiations with China and the "big, beautiful" tax and spending bill working its way through the Senate currently.

H20 GPUs coming back to China could be the next leg in the U.S.-China trade talks, Wedbush Securities said on Wednesday. Read for more.

By Katya Golubkova and Trixie Yap (Reuters) -Oil prices softened on Wednesday as markets assessed 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.