S&P 500 Futures and Bitcoin Up Today on Trump-Xi Jinping Optimism
- US futures rise ahead of Fed rate cut
- Trump and Xi resume talks to end trade war
- Bitcoin and altcoins advance with global market optimism
U.S. stock futures started the week higher, driven by expectations of a Federal Reserve rate cut, solid earnings from major technology companies, and the highly anticipated meeting between President Donald Trump and Chinese leader Xi Jinping.
The positive movement began on Sunday night, when S&P 500 futures rose 0,7%, while Nasdaq 100 futures rose 0,9%. The Dow Jones Industrial Average also rose 0,6%, adding nearly 300 points.
The optimistic sentiment reflects a streak of gains on Wall Street. On Friday, the Dow Jones closed above 47.000 points for the first time in history, while the S&P 500 advanced 0,8%, approaching 6.800 points. The Nasdaq, driven by the performance of tech giants, ended the day up more than 1%.
Investors are eagerly awaiting the Federal Reserve's decision, scheduled for this week, amid near-unanimous expectations of a further interest rate cut. The move is expected to follow the release of lower-than-expected inflation data, which had been delayed due to the government shutdown.
Beyond monetary policy, the focus is also on Thursday's meeting between President Trump and Xi Jinping, scheduled for South Korea. The meeting aims to advance trade negotiations and ease tensions between the world's two largest economies. "I believe we've reached a very substantial framework," Treasury Secretary Scott Bessent said on Sunday. China, meanwhile, highlighted the "preliminary consensus" reached during the weekend talks.
No cryptocurrency market today, global optimism is also reflected in prices. Bitcoin, which was trading at $113.000, rose to $115.000 in the last 24 hours, accumulating a 3% increase. Ethereum returned to trading above $4.120, with a 6% gain. Among the highlighted altcoins, Zcash (ZEC) soared 24%, while Pump.fun (PUMP) advanced 15%, demonstrating that risk appetite remains high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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