Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.A possible trade truth with China. Treasury Secretary Scott Besson saying there is a quote very successful framework for a deal. That's ahead of President Trump's meeting with Chinese President Xiinping on Thursday.Some of the key issues in focus, soybeans, rare earth minerals, tariffs, and fentanyl. Futures have been rallying on the news, and all three major indices are set to ...

Group 1 - Global stocks experienced a bounce, while safe-haven assets like gold and bonds retreated, driven by signs of cooling trade tensions between China and the U.S. [1][2] - A potential trade deal could pause U.S. tariffs and Chinese rare earths export controls, alleviating investor concerns about a breakdown in the trade truce between the two largest economies [2][4] - European shares rose modestly, with the STOXX 600 up 0.1% near record highs, influenced by a sharp rally in Asian stocks [2][4] Group 2 - U.S. stock futures indicated a strong opening, with Nasdaq futures up 1.4% and S&P 500 futures gaining 0.9% [3] - The Chinese yuan rose to a more than one-month high against the dollar, reflecting market optimism regarding U.S.-China trade momentum [4][5] - The People's Bank of China set the official midpoint rate at 7.0881 per dollar, its strongest since October 15, 2024, suggesting potential for further yuan gains if a deal is reached [5] Group 3 - Safe-haven gold prices fell by 2% to $4,028 an ounce, while U.S. Treasury prices eased, resulting in a benchmark 10-year bond yield increase of 2.7 basis points to 4.024% [6] - Commodities such as soybeans, wheat, and corn rose on the prospects of a trade deal [6] Group 4 - Investor attention this week is focused on central bank meetings in Japan, Canada, Europe, and the United States [7]

Investors are hoping President Trump's upcoming trip to Asia could lead to trade truce with China. Joining us right now with his insights is Alex Wolf. He's the global head of macro and fixed income strategy at JP Morgan Private Bank.And Alex, thanks for coming in. >> Thanks for having me. >> This seems like one of the issues on a macro level at least that's had the most potential to impact markets.I mean, we've been on a pretty steady climb higher, but when there are issues raised with China, the second la ...

With the China trade truce seemingly teetering on collapse, the fragility of Trump’s preference to cut one-to-one deals has been laid bare https://t.co/DTMkCEfeeD ...

China called on its companies doing business in the US to avoid extending their price wars there — a sign that Beijing is eager to maintain a fragile trade truce reached with Washington https://t.co/MR5EXfSjog ...

Trade Relations - The US-China trade truce is extended until November, with no immediate plans for changes [1] - A potential summit between President Trump and Jingping is anticipated before year-end [1] - US soybean producers are expressing concerns over China's lack of soybean purchases, potentially impacting US exporters [2] - India is exploring closer trade ties with China amid US trade negotiations [2] US-India Trade Dynamics - India was surprised by the tariffs imposed by the US [3] - India is seeking alternative trade relationships due to potential deterioration in its relationship with the US [4] - The US is concerned about India's purchase of Russian oil, while China is not similarly penalized [4][5] - India defends its right to purchase oil at the cheapest price, highlighting a strained relationship with the US [6] Trump's Investments - Donald Trump's investments and debt filings for the year include holdings in companies like Home Depot and Mattel [7] - The US president is not obligated to divest assets upon taking office, breaking with precedent [8] - The filings reveal details of the US president's investments, raising questions about potential conflicts of interest with his policies [8]

Treasury Secretary Scott Bessent said the U.S. is "very happy" with the current tariff situation with China, indicating there likely won't be any immediate changes to the trade truce between the two countries. https://t.co/dCIRX3q3mZ ...

Trade Relations - US Treasury Secretary indicated satisfaction with current tariff arrangement with China [1] - The Trump administration aims to maintain calm ties before the trade truce expires in November [1]

Market Trends - Soybean prices fell below $10 per bushel [1] - US-China trade truce is likely delaying major grain-purchasing deals until late this year [1]

US-China Trade Relations - The US-China trade agreement status is uncertain, but a potential agreement exists [1] - The US is urging China to increase US soybean purchases [1] - Increased soybean purchases could facilitate the rollover of the US-China trade truce [2] - China has been diversifying soybean sources, but can easily purchase from the US at a good price [3] - Increased trade could strategically improve relations in anticipation of a potential Xi Jinping and Donald Trump meeting later this year [4] - China meeting the US halfway on soybean purchases is seen as an easy win [5] Soybean Market Dynamics - US farmers are approaching soybean harvest season with a large supply to sell [2] - China needs to buy a lot of soybeans [3] - Soybean purchases are beneficial for US farmers and businesses [4]