Record-Breaking Rally after Trump-Xi Trade Truce – What It Means
Sources: Latest reports from Reuters, Al Jazeera, TS2.tech and other media ts2.tech reuters.com aljazeera.com reuters.com.
Trump-Xi Trade Truce Sends Stocks Tumbling – Markets Brace for Tech Earnings and Fed Moves
Trump-Xi Meeting Yields Only a Temporary Truce At the APEC summit in Busan on Thursday, Trump and Xi touted progress but agreed only to roll back recent trade escalations. Under their framework, Beijing will pause new controls on rare-earth minerals (vital for tech manufacturing) for one year, resume soybean purchases, and work to halt illicit fentanyl exports. In exchange, Trump said U.S. tariffs on Chinese imports will be cut to 47% of their original levels (by halving the 20% fentanyl precursor tariff to 10%) reuters.com. Trump hailed the talks as “amazing” and rated them “12” on a 10-point scale reuters.com,
Powell’s Hawkish U-Turn and Trump–Xi ‘Mini-Deal’ Leave S&P 500 Futures on Edge
Market Analysis S&P 500 futures hovered near their recent highs on Thursday as Wall Street digested a tug-of-war between dovish Fed policy and new uncertainties. Early Oct 30 trading showed futures almost unchanged, mirroring Wednesday’s close around 6,890.59 reuters.com. Markets had rallied into Wednesday, with the Nasdaq hitting a fresh peak and the S&P near its own record, on hopes the Fed would continue cutting rates and on positive tech news. But Fed Chair Jerome Powell’s press conference after the Oct 29 meeting cooled those hopes. At the Federal Open Market Committee (FOMC) meeting Oct 29, the Fed delivered a