The S&P 500 (SPX) opened nearly 1% higher on Monday following a constructive trade meeting between the U.S. and China in Paris over the weekend.
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Forget margin or options. Here's how the pros trade QQQTreasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng ahead of the Trump-Xi summit scheduled for March 31 to April 2 in Beijing. “We had a very good two days here,” said Bessent, adding that the U.S. would release a statement “reaffirming the stability” of relations between the two countries in the coming days.
Trump ‘May Delay’ Summit with Xi amid U.S.-Iran War
At the same time, Bessent cautioned that the summit could be delayed because of the war in Iran, not because of trade disagreements. Trump affirmed Bessent’s statement, telling the Financial Times that he “may delay” the meeting.
Furthermore, Trump called on China to join a coalition of countries escorting tankers through the Strait of Hormuz. Analysts expect China to turn down the request given the country’s massive oil stockpile and reliance on clean energy.