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The S&P 500 Index is up +0.29%, reaching a 3.5-month high, driven by positive developments in US-China trade talks. President Trump reported favorable progress on trade negotiations, which resumed today in London. Concurrently, the Dow Jones Industrial Index and Nasdaq 100 are up +0.09% and +0.27%, respectively.
The World Bank has cut its 2025 global GDP forecast to +2.3%, down from +2.7%, attributed to trade tensions. This week, markets will focus on tariff updates, the US Consumer Price Index (CPI) report expected to increase to +2.5%, and initial unemployment claims projected to fall to 241,000.
In international markets, the Euro Stoxx 50 is down -0.05%, while the Japanese Nikkei 225 rose +0.32%. US bond yields continue to support stock market gains, with the 10-year T-note yield down to 4.47%. Energy stocks are also benefitting from a +1% increase in WTI crude oil prices.
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