News

Morning Bid: Trade and inflation relief

Wall Street stocks look set to sustain this week's gains, fueled by trade de-escalation hopes and soft April inflation readings. * Russian and Ukrainian negotiators met in Istanbul on Friday for their first peace talks in more than three years as both sides come under pressure from U.S. President Donald Trump to end Europe's deadliest conflict since World War Two. * Trump on Thursday announced deals totaling more than $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways.

US equity funds draw first inflow in five weeks on tariff deal optimism

U.S. equity funds attracted inflows for the first time in five weeks in the week through May 14 as optimism over progress in tariff negotiations and easing concerns about rising consumer prices lifted investor sentiment. According to LSEG Lipper data, investors bought a net $12.86 billion worth of U.S. equity funds, which marked their first weekly net purchase since April 9. Following the 90-day U.S.-China tariff truce reached on Monday, investors now anticipate that Washington will move toward agreements to roll back steep tariffs.