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US Futures Climb as Oil Prices Drop, Trump-Xi Meeting Anticipated
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News18•21-09-2026, 17:45
US Futures Climb as Oil Prices Drop, Trump-Xi Meeting Anticipated
- •US futures for S&P 500, Dow Jones, and Nasdaq rose significantly as oil prices declined.
- •Investors are keenly awaiting an expected meeting between US President Donald Trump and Chinese leader Xi Jinping in Washington, with trade, AI, and geopolitics on the agenda.
- •Oil prices fell over 3% as Strait of Hormuz traffic picked up, despite ongoing US-Iran tensions and a recent missile attack on Saudi Arabia.
- •Treasury Secretary Scott Bessent reported "successful engagement" with Chinese officials, discussing reciprocal tariff reductions and AI.
- •Bond markets are also under scrutiny, with the US 10-year Treasury yield hitting 5% and central banks raising rates amidst inflationary pressures and rising national debt.
Key Questions Answered
The expected meeting between US President Donald Trump and Chinese leader Xi Jinping in Washington is set to cover trade, artificial intelligence, and geopolitics, building on preparatory high-level talks held in New York.
Oil prices fell more than 3 percent on Monday as vessel traffic and energy flows through the Strait of Hormuz picked up, with Brent crude dropping 3.2 percent to USD 100.50 per barrel and US benchmark crude falling to USD 92.98 per barrel.
The Federal Reserve decided last week to raise rates for the first time in three years, pushing the US 10-year Treasury yield to around 4.96 percent, while the Bank of Japan raised its rates to a 31-year high.
