7/05/2025 Daily Reports
Stocks Rise as U.S., China Set Trade Talks Amid Tariff Strains
- U.S. stock futures rallied after the Trump administration announced it will conduct its first high-level trade talks with China since slapping tariffs on Chinese imports at 145%. Dow, S&P 500, and Nasdaq futures climbed 0.5% to 0.7% as investors took encouragement in de-escalation prospects ahead of Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer’s meeting with Chinese counterparts in Geneva.
- Despite the market’s upbeat reaction, there is still skepticism regarding Trump’s aggressive negotiating style, whereby he suggests countries must acquiesce to pre-determined terms rather than bilateral talks. Corporate earnings from AMD, SMCI, and Rivian painted a picture of growing concern over tariff impacts, with AMD being a bright spot. Nvidia CEO Jensen Huang urged relaxed export controls on AI chips elsewhere, warning of lost opportunities abroad.
- China responded cautiously to the talks, emphasizing deeds over words. Oil prices, nevertheless, continued to climb, reflecting expectations of easing trade tensions. Businesses like France’s Legrand are adapting by redesigning supply chains to absorb the impact of U.S. tariffs, which they calculate could run up to $200 million this year.
Account Opening
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Forex Mobile & Desktop App
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
