Citing people familiar with the matter, the Wall Street Journal reported on Monday that United States (US) President Donald Trump gave the green light to his representatives, led by Treasury Secretary Scott Bessent, to lift export controls on a variety of Chinese products in trade talks with China in London on Monday.
Market reaction
Wall Street’s main indexes trade mixed following this headline. At the time of press, the Dow Jones Industrial Average was down 0.4% on the day, while the Nasdaq Composite and the S&P 500 Index were up 0.3% and 0.05%, respectively.
Meanwhile, the US Dollar Index stays in a tight daily range slightly above 99.00 as markets await official headlines coming out of the US-China talks.
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