Trump Expects to Sign China Trade Deal at Xi Summit

In a move that could reshape trade relations, Trump announced plans to cut the fentanyl tariff on Chinese goods, expressing optimism for a 'great deal' with Xi. This news comes as Asian stock markets rally on the anticipation of a trade deal and a potential US interest rate cut. Additionally, GSK's CEO Emma Walmsley is stepping down after eight years, but not before the company raised its 2025 sales and profit forecasts, showcasing strong growth in key areas. This combination of trade optimism and corporate success highlights a potentially positive shift in the economic landscape.

Global markets are showing mixed signals as futures for the S&P 500 and Nasdaq rise ahead of a crucial U.S. interest-rate decision. This uptick comes amid anticipation of more earnings reports from major tech companies and Donald Trump's ongoing tour of Asia. Investors are keenly watching these developments, as they could influence market trends and economic outlook.

Mercedes-Benz has confirmed its financial guidance despite facing challenges from U.S. tariffs and a tough market in China. The company announced it will continue with a share buyback program, indicating confidence in its long-term strategy. This move is significant as it reflects the brand's resilience in navigating external pressures while maintaining shareholder value.

Aston Martin has announced a significant cut of £300 million to its investment plans following a disappointing third-quarter report that revealed losses of £112 million, which were larger than anticipated. This downturn is attributed to weak demand in China and the impact of tariffs imposed by the Trump administration. The situation highlights the challenges facing luxury car manufacturers in a fluctuating global market, making it crucial for Aston Martin to reassess its strategies to navigate these economic pressures.

The article discusses the current state of U.S. manufacturing through four charts, highlighting the mixed results of President Trump's efforts to revitalize the industry. While there are signs of growth in certain sectors, challenges remain, making it unclear if his promises to bring factories back are being fully realized. This matters as manufacturing is a key component of the U.S. economy and impacts job creation and economic stability.

Nvidia is on track to become the first company valued at $5 trillion, a significant milestone that highlights its dominance in the tech industry. This achievement comes just ahead of important talks between Trump and Xi, which could impact global markets and technology policies. Nvidia's growth reflects the increasing demand for AI and graphics processing, making it a key player in shaping the future of technology.

This week, the financial markets are reacting to several key events, including earnings reports from major tech companies and the Federal Reserve's latest decision on interest rates. These developments are crucial as they can influence investor sentiment and market trends. Additionally, former President Trump is making headlines with his visit to South Korea, which could have implications for international relations and trade. Keeping an eye on these factors is essential for understanding the current economic landscape.

Oil prices have surged due to growing optimism surrounding an upcoming meeting between US and Chinese leaders. This meeting is seen as a potential turning point in trade relations, which could lead to increased demand for oil and a more stable global market. Investors are hopeful that positive outcomes from the discussions will bolster economic growth and energy consumption, making this development significant for both the oil industry and the broader economy.

Next is on track to report a pre-tax profit exceeding £1.1 billion by the end of January 2026, despite the recent cyber-attack on M&S. This shows the resilience of Next's business model and its ability to thrive even in challenging circumstances, which is encouraging for investors and the retail sector as a whole.

Chancellor Reeves is taking a bold stance against pessimistic economic forecasts, emphasizing that investment is key to enhancing the UK's productivity. This approach is significant as it aims to inspire confidence in the economy and encourage growth, which could lead to improved job opportunities and overall prosperity for the nation.

Norway's sovereign-wealth fund has reported a remarkable 5.8% return in the third quarter, largely fueled by robust performance in sectors like basic materials, telecommunications, and finance. This growth is significant as it reflects the resilience of the fund amidst fluctuating market conditions, showcasing Norway's strategic investment approach and its potential to support the country's economy.

Assystem's shares have seen a notable increase following their Q3 revenue report, which exceeded analysts' expectations thanks to strong international growth. This positive performance highlights the company's successful expansion strategies and positions them favorably in the market, making it an exciting time for investors and stakeholders alike.

Nvidia is on the brink of achieving a remarkable $5 trillion valuation, driven by a surge in interest and investment in artificial intelligence. This milestone is significant not only for Nvidia but also for the tech industry as a whole, highlighting the growing importance of AI technologies in shaping the future of business and innovation.

Vetoquinol's shares have taken a hit as the company's Q3 revenue fell short of expectations, primarily due to manufacturing issues. This decline is significant as it reflects operational challenges that could impact future growth and investor confidence. Stakeholders will be closely monitoring how Vetoquinol addresses these manufacturing hurdles to regain market trust.