- US Treasury Secretary Scott Bessent and China's top trade negotiators touted positive talks on AI, trade, and investment over the weekend ahead of President Xi Jinping's visit to Washington later in the week.
- Global stocks rallied as markets looked ahead to Xi's visit, while oil extended its decline for a fourth consecutive day and US retail diesel prices topped $6.50 a gallon for the first time.
- BMO Capital Markets' Mark McCormick discussed the Fed's rate path and financial conditions ahead of a slew of Fedspeak this week.
Quotes
“Global stocks rally as markets look ahead to President Xi Jinping's visit to Washington later in the week.”
“US Treasury Secretary Scott Bessent and China's top trade negotiators tout positive talks around AI, trade and investment over the weekend.”
“Oil extends its decline for a fourth consecutive day, while US retail diesel prices top $6.50 a gallon for the first time.”