US-China Trade Deal Prospects and Market Updates: TikTok, Tariffs, and Fed Policy

US-China Trade Relations and TikTok

• 🇺🇸🇨🇳 President Trump announced plans for a direct conversation with Chinese leader Xi Jinping, the first since June, following a tentative framework on TikTok's operations in the US.
• 💡 While Trump hinted at a wider trade breakthrough, key sticking points remain, with a November deadline looming for potential tariff increases.

Global Economic Developments

• 🇬🇧 President Trump is expected to announce $10 billion in economic deals during his UK visit, with Google pledging a 5 billion pound investment over two years.
• 🇫🇷 France's central bank has trimmed its economic outlook, citing budget uncertainty and predicting slower growth compared to the Euro area.
• 🇯🇵 Japan's agricultural minister, Kisumi, has entered the race for the Liberal Democratic Party leadership, with the yen strengthening on the announcement.

US Federal Reserve and Market Trends

• 📈 Gold prices hit a record high as investors anticipate an interest rate cut by the Federal Reserve.
• ⚖️ A US appeals court ruled that Fed Governor Lisa Cook can remain in her position, while the Senate confirmed Steven Moran's appointment to the Fed board, allowing him to participate in the week's meeting.