Global stocks rise on US-China trade optimism ahead of Trump-Xi summit

Global equities climbed Monday as investors welcomed positive signals from weekend US-China trade talks ahead of the Trump-Xi summit on Thursday. Oil prices fell below $100 per barrel for the fourth consecutive day, while US diesel prices hit record highs above $6.50 per gallon.

Quick Facts

US-China preliminary trade discussions held over the weekend
Treasury Secretary Bessent hailed talks as "very successful"
Trump-Xi summit scheduled for Thursday in Washington
Tech leaders scheduled to attend dinner with Chinese President
Talks expected to focus on tariff truce extension and AI cooperation

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Global equity markets advanced on Monday as investors responded positively to preliminary trade discussions between the United States and China over the weekend. US Treasury Secretary Scott Bessent described the talks as "very successful," and both sides signaled openness to cooperation on artificial intelligence, tariffs, and investment frameworks. The anticipated Trump-Xi summit scheduled for Thursday in Washington is expected to focus on extending the existing tariff truce and fostering collaboration on emerging technologies.

US stock futures climbed broadly, with Dow Jones futures rising 0.5%, S&P 500 futures gaining 0.5%, and Nasdaq-100 contracts climbing 0.8%. Several major technology leaders, including Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, former Apple CEO Tim Cook, Qualcomm CEO Cristiano Amon, and Microsoft CEO Satya Nadella, are scheduled to attend a dinner with Chinese President Xi Jinping during the summit.

Oil prices fell below $100 per barrel for a fourth consecutive day, partly reflecting hopes that the US and Iran would resume diplomatic talks. However, US retail diesel prices reached a record high above $6.50 per gallon, underscoring persistent inflationary pressures in energy markets. Market participants are closely monitoring whether businesses are passing higher costs to consumers, as geopolitical risks in the Middle East and rising bond yields continue to create uncertainty.

Markets are also awaiting Wednesday's S&P flash purchasing managers' indices to assess economic momentum, as well as signals from Federal Reserve officials this week. The week represents a critical juncture for technology companies, coming after recent debate within artificial intelligence labs over the pace of frontier model development.

Topics

Politics Technology White House and Trump Business World Artificial Intelligence

#geopolitical risk #US-China trade #tariff truce #Treasury Secretary Bessent #global stocks #tariffs #artificial intelligence #tech stocks #Treasury Secretary #Trump-Xi summit

Entities

Why This Matters

Market movements reflect investor expectations about US-China tariff negotiations and technology cooperation frameworks ahead of a scheduled summit. Stock futures gains and energy price volatility affect portfolio valuations, consumer costs for diesel-dependent industries, and business investment decisions. Technology sector stocks are sensitive to trade policy outcomes; participation of major tech CEOs signals potential discussions on AI development standards and market access. Federal Reserve signals and economic data releases this week will influence near-term rate expectations and corporate earnings forecasts.

Timeline & Sources

Sep 21, 2026

Wire

US-China weekend preliminary trade talks described as successful by Treasury Secretary Bessent

Sep 21, 2026

Wire

Global stocks advance on positive trade sentiment; tech stocks tentatively rise in US and Asia; US retail diesel prices reach record high above $6.50/gallon

Sep 24, 2026

Wire

Trump-Xi summit scheduled in Washington (Thursday); technology leader dinner with Chinese president

Sep 24, 2026

Wire

Swiss National Bank interest-rate decision expected (Thursday)

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