{"id":127075,"date":"2026-05-13T12:32:36","date_gmt":"2026-05-13T08:32:36","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127075"},"modified":"2026-05-13T12:32:41","modified_gmt":"2026-05-13T08:32:41","slug":"european-stocks-climb-as-trump-heads-to-beijing-showdown-can-xi-save-the-iran-peace-deal","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-climb-as-trump-heads-to-beijing-showdown-can-xi-save-the-iran-peace-deal\/05\/13\/market-updates\/","title":{"rendered":"European Stocks Climb as Trump Heads to Beijing Showdown: Can Xi Save the Iran Peace Deal?"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Broad-based gains:<\/strong> The Stoxx 600 rose 0.7%, Germany&#8217;s DAX gained 0.6%, France&#8217;s CAC 40 added 0.2%, while the U.K.&#8217;s FTSE 100 climbed 0.8%.<\/li>\n\n\n\n<li><strong>Historic summit looms:<\/strong> Trump will meet face-to-face with Chinese counterpart Xi Jinping later this week, with trade and Taiwan on the agenda.<\/li>\n\n\n\n<li><strong>Iran could steal spotlight:<\/strong> Analysts suggest China \u2014 a major importer of Iranian crude \u2014 could be persuaded to act as guarantor of a lasting peace deal.<\/li>\n\n\n\n<li><strong>Tempered expectations:<\/strong> Some observers have dialed back hopes that a major breakthrough will emerge from the gathering.<\/li>\n\n\n\n<li><strong>Diplomatic stalemate:<\/strong> Trump dismissed Iran&#8217;s response as &#8220;unacceptable&#8221; and &#8220;a piece of garbage.&#8221;<\/li>\n\n\n\n<li><strong>Strike threats loom:<\/strong> Reports suggest the White House is weighing whether to resume military action against Iran.<\/li>\n\n\n\n<li><strong>Iran unmoved:<\/strong> Tehran has shown no signs of plans to further appease Trump.<\/li>\n\n\n\n<li><strong>Hormuz still shuttered:<\/strong> The vital waterway carrying a fifth of global oil flows remains effectively closed.<\/li>\n\n\n\n<li><strong>Oil keeps inflation hot:<\/strong> Crude prices well above pre-war levels are fueling sustained price pressures.<\/li>\n\n\n\n<li><strong>CPI shock confirms:<\/strong> U.S. consumer prices rose at another brisk pace in April.<\/li>\n<\/ul>\n\n\n\n<p>European stocks were on the front foot on Wednesday, with the impasse between the United States and Iran in focus as President Donald Trump traveled to China for a crunch summit.<\/p>\n\n\n\n<p>By 03:13 ET (07:13 GMT), the pan-European Stoxx 600 had ticked up 0.7%, Germany&#8217;s DAX had gained 0.6%, France&#8217;s CAC 40 was up 0.2%, and the U.K.&#8217;s FTSE 100 had risen 0.8%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A High-Stakes Beijing Showdown<\/h2>\n\n\n\n<p>Trump is set to meet face-to-face with Chinese counterpart Xi Jinping later this week, with the two leaders anticipated to discuss a range of topics, including trade and Taiwan.<\/p>\n\n\n\n<p>But it may be the ongoing fight between the United States and Iran that will likely command much of the attention. Analysts have suggested that China \u2014 as a major importer of Iranian crude \u2014 could be persuaded to act as a guarantor of a lasting peace deal, although some observers have dialed back expectations that such a breakthrough could come from the gathering.<\/p>\n\n\n\n<p>Diplomatic efforts to forge an agreement between Washington and Tehran appear to have stalled. Earlier this week, Trump dismissed an Iranian response to an American peace proposal, describing it as &#8220;unacceptable&#8221; and a &#8220;piece of garbage.&#8221; Reports have also swirled around whether the White House will resume strikes against Iran.<\/p>\n\n\n\n<p>Tehran, for its part, has not indicated that it has further plans to appease Trump.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Hormuz Shutdown Keeps Inflation Pressure On<\/h2>\n\n\n\n<p>Crucially, the stalemate means the Strait of Hormuz \u2014 a vital waterway off Iran&#8217;s southern coast through which roughly a fifth of the world&#8217;s oil transits \u2014 is effectively shuttered, as it has been for weeks.<\/p>\n\n\n\n<p>Oil prices are well above pre-war levels as a result, placing upward pressure on inflation \u2014 a trend underscored by data on Tuesday which showed that U.S. consumer prices rose at another brisk pace in April, following a notable increase in the prior month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Broad-based gains: The Stoxx 600 rose 0.7%, Germany&#8217;s DAX gained 0.6%, France&#8217;s CAC 40 added 0.2%, while the U.K.&#8217;s FTSE 100 climbed 0.8%. Historic summit looms: Trump will meet face-to-face with Chinese counterpart Xi Jinping later this week, with trade and Taiwan on the agenda. Iran could steal spotlight: Analysts suggest China \u2014 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-127075","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127075"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127075\/revisions"}],"predecessor-version":[{"id":127076,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127075\/revisions\/127076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}