Market Overview - Global shares are mostly lower as investors await the outcome of a planned meeting between President Trump and China's top leader [1] - In Europe, the CAC 40 slipped 0.1% to 8,228.81, Germany's DAX fell 0.2% to 24,270.20, and Britain's FTSE 100 was nearly unchanged at 9,656.76 [2] - In Asia, Hong Kong's Hang Seng dropped 0.3% to 26,346.14, and the Shanghai Composite index lost 0.2% to 3,988.22 after briefly surpassing 4,000 [2] Trade Relations - Trump anticipates forging another trade agreement with Chinese President Xi Jinping during their meeting at a Pacific Rim summit in South Korea, which could alleviate trade tensions affecting global markets [3] - Japan's Prime Minister Takaichi is reaffirming the security alliance with the U.S. and committing to increased investments and imports from the U.S. [5] Economic Indicators - South Korea's Kospi shed 0.8% to 4,010.41 despite strong quarterly economic growth driven by consumption, investments, and exports [6] - The Federal Reserve is expected to continue cutting interest rates to support the slowing job market, with a likely quarter-point cut anticipated in the upcoming announcement [7] Corporate Earnings Expectations - There is optimism that U.S. companies will report solid profit growth, with major firms like Alphabet, Meta Platforms, Microsoft, Amazon, and Apple set to announce their results this week [9] Currency Movements - The U.S. dollar decreased to 151.78 Japanese yen from 152.88 yen, while the euro rose to $1.1655 from $1.1645 [10]
Global shares mostly fall as region watches for outcome from Trump's visit