FX.co ★ US Futures Rise After Trump-Xi Meeting

U.S. stock futures rose on Thursday following a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea. President Trump expressed confidence in a prolonged strong relationship between the U.S. and China, while President Xi emphasized the importance of both nations staying on a productive course to ensure stability. Concurrently, investors processed mixed financial results from major technology companies. Alphabet surged nearly 7% in after-hours trading due to results that surpassed expectations. Conversely, Meta declined over 7% after incurring a one-time charge of $15.93 billion associated with President Trump’s One Big Beautiful Bill Act, and Microsoft dropped more than 4% as a result of its investment in OpenAI, which impacted quarterly earnings by $3.1 billion. Investors are now looking forward to upcoming results from Apple and Amazon. In other economic news, the Federal Reserve implemented a widely anticipated quarter-point rate reduction on Wednesday, although Chair Jerome Powell signaled uncertainty regarding an additional rate change in December.