Gold prices fell in Asian trading on signs of easing trade tensions between the US and China. Spot gold fell to $3,963.6 an ounce, while US gold futures fell to $3,981.59 an ounce.
Brent and WTI crude oil prices slightly decreased amid OPEC+ plans to increase production and optimism regarding a trade agreement between the US and China. Investors are also assessing the effectiveness of sanctions against Russia.
British Prime Minister Keir Starmer said that Ukraine is in a better position after new US sanctions against the Russian oil industry. These measures, along with the EU package, weaken Russia's economy and its ability to wage war.
Trump confirmed he had an MRI during a medical examination but declined to disclose the reason. His doctor noted that the examination was part of preparations for upcoming foreign trips.
US stock indices rose to historical highs: Dow Jones by 0. 42%, S&P 500 by 0.89%, Nasdaq by 1.54%. The growth was supported by expectations of a meeting between Trump and Xi Jinping, as well as an expected 25 basis point Fed rate cut.
The International Skating Union is investigating an incident at the Cup of China, where figure skaters Ren Junfei and Xing Jianing displayed a toy resembling an intercontinental DF-61 missile. The ISU condemns the incident, calling it inappropriate and undermining the spirit of sport.
US President Donald Trump began his Asian tour with a royal reception in Japan, where he met with Emperor Naruhito and discussed economic and defense issues. A key moment of the trip will be a meeting with Xi Jinping to discuss a trade truce and Russia's war against Ukraine.
For the first time in three years, the Russian military-industrial complex has ceased to be an economic driver, according to the National Security and Defense Council's Center for Countering Disinformation. Disinformation. Production of tanks, armored vehicles, and metal products fell by 6-20% in September, and budget revenues dropped by 21%.
Brent crude futures rose 0. 71% to $66.41 a barrel, while US West Texas Intermediate crude futures rose 0.72% to $61.94. This came after US and Chinese economic officials outlined a framework trade deal, easing concerns about the impact of tariffs on the global economy.
Donald Trump expressed his readiness to meet with Kim Jong Un during his trip to Asia, noting that he had "great relations" with him. A previous meeting in 2019 made Trump the first sitting US president to step onto North Korean territory.
Andriy Kovalenko, head of the Center for Countering Disinformation of the National Security and Defense Council, said that one should not have inflated expectations from the meeting between Xi Jinping and Donald Trump. However, according to him, China can influence Moscow's decision to cease fire.
US President Donald Trump stated that he would discuss Russia's war against Ukraine with Chinese leader Xi Jinping at their meeting, seeking Beijing's help. The meeting is scheduled for next Thursday, October 30.
The administration of US President Donald Trump is launching a trade investigation into China, which could lead to new tariffs. This escalates tensions ahead of next week's upcoming leaders' summit.
China reacted to Ukrainian President Volodymyr Zelenskyy's statement about Beijing's support for Russia's ability to continue the invasion. The Chinese Foreign Ministry stated that the country advocates for a ceasefire and peace talks, upholding the principles of peace and dialogue.
US President Donald Trump will meet with Chinese leader Xi Jinping next Thursday, October 30. The meeting will take place before Trump returns to Washington.
Ukrainian President Volodymyr Zelenskyy stated that China is helping Russia and is not interested in its defeat in the war against Ukraine. Zelenskyy noted that he does not have a constant dialogue with Xi Jinping, although the latter promised not to sell weapons.
China will focus on technological self-sufficiency and innovation in a new five-year plan, which will begin in 2026. The country's government has outlined key priorities, including the development of its own semiconductor supply chain and stimulating domestic demand.
The upcoming Trump-Xi meeting in South Korea next week could resolve many issues. Trump stated that he would discuss Russia's war against Ukraine with Xi.
The US stock market is showing growth, approaching historical highs, as companies begin to report summer earnings. Shares of General Motors, RTX, Danaher, and Coca-Cola exceeded analysts' expectations, while some tech giants, such as Alphabet, are showing declines.
Trump said he would soon meet with Chinese leader Xi Jinping and expected a very fair deal to be concluded.
Next week, trade talks between the US and China will take place, where a possible reduction in tariffs will be discussed. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet in Malaysia to discuss new measures.
In the PRC, as part of President Xi Jinping's anti-corruption campaign, a public corruption investigation has been launched against the long-missing high-ranking general He Weidong.
Oil prices rose on Tuesday as early signs of easing trade tensions between the US and China boosted market sentiment. Brent crude futures rose 0.4% to $63.54 a barrel, while US WTI rose 0.4% to $59.71 a barrel.
Oil prices rose after hitting a five-month low, as investors hope for talks between the US and Chinese presidents. This could ease trade tensions between the world's two largest economies.
Beijing called on Washington to stop the pressure and return to negotiations after US President Donald Trump's decision to increase tariffs on Chinese imports by 100% and tighten export controls. China stated that it would not hesitate to take retaliatory measures.
China has banned the export of technologies related to rare earth extraction, magnet production, and processing without permission. This expands restrictions that have been a source of tension between Beijing and Washington.
On his 73rd birthday, Vladimir Putin is expanding state life extension programs, aiming to govern the country as long as medicine allows him to remain in office. He discussed with Xi Jinping the prospects of organ transplantation and the possibility of living to 150 years.
North Korean leader Kim Jong Un announced the preparation of new military steps due to increased US activity on the Korean Peninsula. He noted that the DPRK has already directed strategic resources to priority security goals.
US President Donald Trump announced a meeting with Chinese leader Xi Jinping in four weeks, where soybeans will be the main topic of discussion.
China is actively demonstrating its intention to shape the world order, amid the US withdrawal from international organizations. Chinese Premier Li Qiang stated at the UN General Assembly that the country is ready to take responsibility and will bring more positive energy to the world.
