US futures gain on upcoming US-China talk – Fed decides [Video]
![US futures gain on upcoming US-China talk – Fed decides [Video]](https://editorial.fxsstatic.com/images/i/Federal-Reserve-Building_3_XtraLarge.png)
US futures are in the positive this morning on news that the trade talks between the US and China could lead to progress, as the Chinese Premier will reportedly meet US Treasury Secretary Bessent later this week to discuss tariffs.
The People’s Bank of China (PBoC) freshly lowered its policy rate and reserve ratio today in an effort to strengthen its monetary support for the Chinese economy, which is seeing a slowdown in activity. As such, the CSI 300 is better bid this morning – the index is back to April 2nd levels, when Trump blew the world’s mind with his unreasonable tariff levels – while the Hang Seng jumped above its 50-DMA, though gains remained fragile and were mostly given back by the time of writing.
The US dollar is slightly positive this morning, as the selloff against Asian currencies cools. Good news from the Chinese front could bring back hopes and risk appetite. The latter would result in a recovery in the US dollar and a further rebound in equities as the Federal Reserve (Fed) is preparing to announce no change to its rates today.
Author
Ipek Ozkardeskaya
Swissquote Bank Ltd
Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.
