{"id":56171,"date":"2025-05-02T14:12:20","date_gmt":"2025-05-02T14:12:20","guid":{"rendered":"https:\/\/prosfunds.com\/?p=56171"},"modified":"2025-05-02T14:12:28","modified_gmt":"2025-05-02T14:12:28","slug":"global-markets-rally-as-beijing-considers-us-trade-talks","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=56171","title":{"rendered":"Global markets rally as Beijing considers US trade talks"},"content":{"rendered":"<div>\n<p>Stay informed with free updates<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Simply sign up to the <!-- -->Equities<!-- --> myFT Digest &#8212; delivered directly to your inbox.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=a20582c0-a355-4ea6-9ff7-b398aa2f852e&amp;concept-id=b7ea3c33-ea8c-432e-bb7e-e3bbc8fdc2bb\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Signs of a possible thaw in trade tensions helped drive global markets higher on Friday after Beijing said it was \u201cevaluating\u201d recent overtures from Washington on starting trade talks.<\/p>\n<p>China\u2019s commerce ministry said the US had recently \u201cconveyed messages to China through various channels, expressing a desire to engage in discussions\u201d.<\/p>\n<p>\u201cChina is currently evaluating this,\u201d the ministry spokesperson said. <\/p>\n<p>Global equities extended their gains further after stronger-than-expected US jobs figures on Friday morning, with the S&amp;P 500 climbing 1.4 per cent in early trading. The Wall Street benchmark has now erased all of its losses since Donald Trump\u2019s \u201cliberation day\u201d tariff blitz on April 2 sent global markets into a tailspin.<\/p>\n<p>\u201cIt is very clear that markets are past the peak tariff fear,\u201d said Manish Kabra, head of US equity strategy at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale. <\/p>\n<p>\u201cBut have we really passed through the peak tariff impact? I think we are far, far away from that,\u201d he added, suggesting that equities could fall again if Trump\u2019s 90-day tariff pause, set to end in July, doesn\u2019t result in trade deals that significantly lower the levies.<\/p>\n<p>Europe\u2019s Stoxx 600 index was up 1.8 per cent, with Germany\u2019s Dax jumping 2.4 per cent. Asian markets had also rallied earlier, with Taiwan\u2019s Taiex climbing 2.7 per cent and Hong Kong\u2019s Hang Seng index up 1.7 per cent on Friday.<\/p>\n<p>Kabra said that what happens next for stocks is \u201ccontingent on what happens in the trade talks.\u201d His view was that equities could return to their April lows \u201cif the US-China tariff discussions lead to more than a 50 per cent effective tariff between the US and China.\u201d <\/p>\n<p>Asian currencies rallied against the US dollar on the signs of easing trade tensions. China\u2019s offshore renminbi climbed 0.7 per cent to Rmb7.23 while the Korean won strengthened 2.6 per cent to 1,406 to the dollar. The Taiwanese dollar led gains as it surged 5.2 per cent.<\/p>\n<p>\u201c[Asia ex-Japan] currencies are having a field day,\u201d said Fiona Lim, a senior FX strategist at Maybank. \u201cAn end to this trade war\u2009.\u2009.\u2009. would provide a more benign environment for growth and investment in the region.\u201d <\/p>\n<p>Friday\u2019s statement from China\u2019s commerce ministry said the US must show \u201csincerity\u201d for any talks to take place, which included \u201cbeing prepared\u201d to cancel its unilateral tariffs and taking other unspecified steps.<\/p>\n<p>It marks a slight softening of China\u2019s stance from last week, when Beijing said Washington would need to drop its steep levies on China for talks to begin. The potential opening for talks was first signalled by a social media account tied to state broadcaster CCTV on Thursday. <\/p>\n<p>Beijing said its position had not changed. \u201cChina emphasises that in any possible dialogue or negotiation, if the US fails to correct its erroneous unilateral tariffs, it would indicate a complete lack of sincerity and would further erode mutual trust,\u201d the spokesperson said. <\/p>\n<p>\u201cIf it is talks, the door is wide open,\u201d the ministry said. \u201cIf it is a fight, we\u2019ll see it through to the end.\u201d<\/p>\n<p>The remarks from Beijing came as the US and Japan agreed to aim to have a trade deal ready by June. <\/p>\n<p>Wall Street earnings also helped buoy sentiment in Taiwan and South Korea, home to the chip manufacturers essential for the continuing build-out of artificial intelligence servers.<\/p>\n<p>Shares of Taiwan Semiconductor Manufacturing Co rose 4.6 per cent while SK Hynix climbed 4.8 per cent.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/a20582c0-a355-4ea6-9ff7-b398aa2f852e\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stay informed with free updates Simply sign up to the Equities myFT Digest &#8212; delivered directly to your inbox. Signs of a possible thaw in trade tensions helped drive global markets higher on Friday after Beijing said it was \u201cevaluating\u201d recent overtures from Washington on starting trade talks. China\u2019s commerce ministry said the US had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-56171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global markets rally as Beijing considers US trade talks | Prosfunds<\/title>\n<meta name=\"description\" content=\"Stay informed with free updatesSimply sign up to the Equities myFT Digest -- delivered directly to your inbox.Signs of a possible thaw in trade tensions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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