Asian stock markets surged Monday as the US and China revealed a framework for a potential trade deal, easing tensions. Hopes for a broader agreement were boosted by progress on tariffs and Chinese soybean purchases, paving the way for a meeting between Presidents Trump and Xi.
Oil prices climbed Monday as the US and China revealed a framework for a potential trade deal, easing fears of slowed global growth and reduced oil demand. This positive development, coupled with recent sanctions on Russia, has boosted market expectations and countered earlier oversupply concerns.
China’s Foreign Minister Wang Yi has declared a multipolar world is coming. His remarks criticize US protectionist policies. This comes ahead of a crucial meeting between US President Donald Trump and Chinese President Xi Jinping. The leaders will discuss trade tensions. Both sides report progress in recent talks. Agreements on rare earth exports and soybean
External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Kuala Lumpur to discuss bilateral ties and regional issues alongside the ASEAN summit. The meeting occurs as India and the US are nearing completion of a proposed bilateral trade agreement, with officials emphasizing a cautious, long-term approach to negotiations.
Gold prices are expected to trade lower in the coming days, according to Manav Modi of Motilal Oswal. Last week saw a sharp fall in gold and silver after significant gains, influenced by hopes of ceasefires and easing US-China tensions.
The Federal Reserve faces a difficult decision on interest rates amid a US government shutdown, which has halted crucial economic data. Analysts anticipate a quarter-point rate cut, but uncertainty remains regarding future moves due to conflicting inflation and employment signals. Political pressures also complicate the Fed’s independent decision-making process.
India is boosting its electronic waste recycling capacity to recover critical minerals like lithium, cobalt, and nickel. A Rs 1,500 crore incentive scheme aims to reduce import dependence by supporting domestic processing of e-waste and used batteries. This initiative encourages private players and strengthens the formal recycling chain.
US officials indicated progress in finalizing details of a trade agreement with China, following recent talks in Malaysia. The discussions aimed to de-escalate a costly tariff dispute, with both nations seeking a resolution. This development comes amid heightened tensions and threats of further tariffs.
Major US employers are pausing or limiting H-1B visa sponsorships following a new $100,000 fee for new applicants outside the US. While intended to attract skilled workers and prevent wage undercutting, critics argue the fee deters international talent and harms US competitiveness. Companies like Intuitive Surgical and Walmart have altered hiring plans, though Nvidia will
