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Markets wavered Thursday after Chinese officials firmly rejected claims of renewed trade talks with the U.S., calling such reports “groundless’ with “no factual basis,” per Chinese commerce ministry spokesman He Yadong. The comments undercut investor optimism that had lifted markets earlier in the week, amid speculation about easing tensions between the two economic superpowers. President Trump’s administration has signaled openness to a deal, but China’s response suggests no talks are currently underway.
What to Know:
- Chinese officials said there are no ongoing trade negotiations.
- Stocks dipped globally after two days of strong gains.
- U.S. futures pointed lower, and Asian and European markets were mixed.
- Trump’s recent trade remarks had fueled market hopes.
- The dollar weakened, and Treasury yields dipped.
- Oil prices edged slightly higher despite market jitters.
- Yadong said: “As the competent department for foreign economic and trade relations, I would like to emphasise that there are currently no economic and trade negotiations between China and the United States.”
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