In brief
- U.S. officials said trade talks with China made “substantial progress” but offered no details.
- China’s consumer prices fell for a third straight month in April, underscoring economic weakness.
- Bitcoin and Ether declined alongside broader altcoin losses amid market caution and ETF outflows.
U.S. stock futures rose Sunday evening after the White House said trade talks with China had made “substantial progress,” though crypto prices fell amid a lack of detail and broader risk recalibration.
Dow futures climbed 1.3%, while S&P 500 and Nasdaq 100 futures gained 1.4% and 1.6%, respectively, after Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer described two days of negotiations in Switzerland as…
May 13 2025
