S&P 500 slips ahead of US-China trade talks
- On Friday, stock indices in the United Arab Emirates ended the day with minor declines as traders anticipated the upcoming US-China trade negotiations set to take place in Switzerland over the weekend.
- The trade talks follow prolonged tensions marked by a 145% tariff on Chinese goods, with President Trump indicating a possible reduction to 80%, though uncertainty remains.
- Abu Dhabi's index fell 0.1% with major firms like Aldar Properties down 2.1% and First Abu Dhabi Bank down 0.8%, while oil prices rose nearly 2% amid easing trade tensions.
- Brent Crude climbed 1.97% to $64.08 a barrel by 1205 GMT, reflecting optimism linked to the trade talks and oil's importance to the Gulf economy.
- The outcome of the talks could influence global markets on Monday, as investors watch tariff developments amid ongoing economic uncertainties.
17 Articles
17 Articles
Wall Street and other markets hold steady ahead of a US-China meeting on trade
U.S. stocks drifted to a mixed finish as Wall Street and other financial markets wait for a highly anticipated meeting on Saturday between China and the United States on trade. The S&P 500 slipped 0.1% Friday to finish the week…
Market Dips Amid Anticipation of Trade Talks With China - Real News Now
Market trends showed a downward trajectory on the closing day of trade last week; investors are now keenly observing the upcoming negotiation sessions with Chinese representatives. This led to the Dow Jones Industrial Average decreasing by a marginal 0.29%, ending the week at 41,429.38. Similarly, the S&P 500 exhibited a minor decrease of 0.07%, settling at 5,659.91. On a contrasting note, the Nasdaq Composite didn’t record any change, maintaini…


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