Stocks, dollar up on US-China trade hope, details awaited

Quick Summary:

SYDNEY: Wall Street stock futures climbed and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.

Earnings from retail giant Walmart on Thursday should provide colour on demand and how soon shelves might start to empty of Chinese goods.

Investors are hoping the White House will soon scale back the 145% tariff on Chinese goods, even if only back to the 60% first flagged by President Donald Trump.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaJapanSouth KoreaPakistanTurkey

Topics: /Business/Business News Dow Jones Futures NYSE Dollar Markets Wall Street Commodities Trading Nasdaq Equities

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News Sentiment: Negative

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Article Type: News Report

Published On: 2025-05-12 @ 09:14:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 738 words

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News ID: 28586626

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