Group 1 - Global shares dipped as investors remained cautious following a deal announcement between U.S. President Trump and Chinese President Xi Jinping [1][3] - Trump agreed to reduce tariffs on Chinese imports in exchange for China resuming U.S. soybean purchases and addressing the trade of fentanyl [2] - Concerns arose that the truce may be temporary, as previous trade negotiations have faced setbacks [3] Group 2 - Major U.S. tech companies, Microsoft and Meta, reported disappointing earnings, leading to a decline in their stock prices by 2% and 8% respectively [3] - The STOXX 600 index fell by 0.5% amid a heavy day for European earnings [3] Group 3 - The dollar rose against the yen after the Bank of Japan left interest rates unchanged, while it edged lower against most other major currencies [5] - The Federal Reserve's recent interest rate cut and uncertainty about future cuts contributed to fluctuations in Treasury yields and the U.S. dollar [5][7] Group 4 - The yield on the U.S. 10-year Treasury bond rose by 3 basis points to 4.087%, reaching around three-week highs [8]
Stocks dip as investors mull Trump-Xi deal, cautious BOJ dents yen