Key Takeaways Futures fall sharply: S&P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures slid 1.5%, and Dow Jones futures fell 0.6%. Chip export disappointment: USTR Jamieson Greer said chip export controls were “not a major topic” in U.S.-China talks. Nvidia premarket drop: Shares fell 1.2% after surging to …

Key Takeaways Sharp decline: Spot gold fell 1.6% to $4,578.74 per ounce, while U.S. gold futures slipped 2.1% to $4,585.87. Weekly carnage: Bullion is down roughly 3% for the week — four straight sessions of losses. Silver crashes: Silver prices plunged 5.2% to $79.13 per ounce. Platinum slips: Platinum dropped …

Key Takeaways Strong gains: Brent crude rose 1.9% to $107.69 per barrel, while WTI advanced 2.2% to $103.40. Massive weekly jump: Both contracts on track for 6-8% weekly gains. Trump’s hawkish turn: The president signaled “the military decimation of Iran (to be continued!)” on Truth Social. Patience running out: “I …

Key Takeaways Energy deal: Trump says China has agreed to buy U.S. oil and energy after talks with Xi in Beijing. Texas, Louisiana, Alaska: Chinese ships will reportedly head to those U.S. states to load crude. China’s “insatiable appetite”: Trump cited Beijing’s massive energy needs as the driving force. Boeing …

Key Takeaways KOSPI tumbles: South Korea’s index plunged 3.5% — the worst performer in Asia — on steep losses in major chipmaking stocks. Chip exports not discussed: U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls weren’t part of Thursday’s U.S.-China talks. Decision left to Beijing: Greer said …

Key Takeaways Modest monthly gain: U.S. retail sales rose 0.5% in April to $757.1 billion, matching market expectations. March revised down: The prior month’s reading was revised to 1.6% from the initial 1.7%. Strong annual growth: Retail sales were up 4.9% year-on-year in April. Three-month trend: Total sales for February …

Key Takeaways Futures climb: Dow futures rose 396 points (+0.8%), S&P 500 futures gained 0.3%, and Nasdaq 100 futures added 0.3%. Records keep falling: The S&P 500 notched a fresh all-time peak Wednesday, while the Nasdaq Composite spiked 1.2%. Trump-Xi friendly tone: Trump hailed “extremely positive and constructive discussions” with …

Key Takeaways Pound slips: GBP/USD fell 0.01% to 1.3520, while EUR/USD eased 0.02% to 1.1712. Strong UK GDP: Q1 GDP grew 0.6% quarter-on-quarter, in line with expectations and up from Q4’s 0.2%. Annual surprise: GDP expanded 1.1% year-on-year, beating the 0.8% consensus. March defies forecasts: Monthly GDP rose 0.3% versus …

Key Takeaways Mixed gold action: Spot gold edged 0.3% higher to $4,700.25 per ounce, while U.S. gold futures eased 0.2% to $4,697.97. Sidelined investors: Traders largely stayed on the sidelines during the opening day of the two-day Trump-Xi summit. Xi’s positive tone: The Chinese president said both nations had made …

Key Takeaways Modest pullback: Brent crude fell 0.4% to $105.18 per barrel, while WTI slipped 0.7% to $100.33. Weekly gains intact: Both contracts are still set for sharp weekly gains despite Thursday’s dip. Conciliatory summit: Trump-Xi meeting wrapped after 2 hours 15 minutes, with leaders striking a friendly tone despite …