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13.05.26 - 16:30
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Futures, Yields And Oil All Rise As Trump Arrives In China (ZeroHedge)
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Futures, Yields And Oil All Rise As Trump Arrives In China
US equity futures are up (alongside oil and yields, go figure), reversing yesterday's modest losses, as optimism around the earnings potential of AI outweighs concerns over hot inflation readings bringing dip buyers back to drive tech stocks higher, with traders betting that the tech rally has further room to run while also hoping on good news from the Trump-Xi summit set to start today in Beijing. As of 7:30am ET, S&P futures were up 0.2% and Nasdaq futures rose 0.7% thanks to a rebound in Semi stocks in the Asian and EMEA sessions. In premarket trading, semis are bid as yesterday's dip buyers appear to be once again rewarded. NVDA is up 2.5% as CEO Huang joining Trump's China trip. Chip and memory sotcks, the key drivers of the past month's narrow rally in the artificial-intelligence trade, posted broad gains. While there were no material updates on US / Iran, today attention shifts elsewhere as Trump's China trip kicks off (wi...
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