China

Its been a hectic 24 hours for US-China trade negotiations ... Much Ado About Nothing

• U.S.-China trade talks inch forward amid fragile truce and legal uncertainty

US-China trade deal offers limited progress, says Capital Economics

• Core trade tensions remain unaddressed

Beijing puts six month limit on its ease of rare earth export licenses

• Wall Street Journal is reporting

Bessent: China needs to be a 'reliable partner' in trade negotiations

• Comments from the Treasury Secretary in House testimony

US official: Trump to hold China tariffs at 30%

• There is some real confusion here

Chinese steel production expected to decline by 4% in 2025

• China Iron and Steel Association (CISA) forecast

PBOC sets USD/ CNY central rate at 7.1815 (vs. estimate at 7.1801)

• PBOC CNY reference rate setting for the trading session ahead.

US, China trade "handshake for a framework" not generating enthusiasm in Asia trade

• Mix in the court order allowing Trump's tariffs to proceed unhindered

PBOC is expected to set the USD/CNY reference rate at 7.1801 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Chinese Vice Commerce Minister Li Chenggang says talks with US on trade rational, candid

"China heading towards a 4.5 day work week" (2.5 day weekend) is doing the rounds again

• The idea is more leisure time to boost consumption

US Treasury Secretary Bessent says trade talks with China will continue

• Bessent is flying back to DC and leaving negotiations with Greer and Lutnick. What could possibly go wrong?

US and China have concluded talks in London

• Waiting for news now

All eyes on US-China trade talks with little else on the economic calendar today

• CCTV may have spooked investors

Nomura expects a rebound in China’s US-bound exports in June

• Trump won't be happy with this