CNBC Daily Open: 'Good reports' from U.S.-China talks could push S&P 500 to new high, analysts say
Jun 10, 2025 - cnbc.com
U.S. and China trade negotiators are meeting in London to discuss resolving their trade dispute, with a focus on mineral exports. The talks, involving U.S. President Donald Trump's top trade officials and Chinese counterparts, are expected to continue into a second day. China has shown signs of easing rare earth export restrictions, potentially in exchange for the U.S. lifting export controls on chip design software. The outcome of these talks could impact global markets, with the S&P 500 nearing a record high.
In other news, Apple's Worldwide Developers Conference introduced a new iOS design called "Liquid Glass," but investors were unimpressed, leading to a drop in Apple's shares. Nvidia's CEO highlighted the U.K.'s potential in AI development, despite lacking infrastructure. Meanwhile, Chinese coffee chain Luckin Coffee plans to expand into the U.S., starting with a branch in New York City, as it continues to grow its presence beyond China.
Key takeaways:
U.S. and China are engaged in trade talks in London, focusing on mineral exports and potential easing of export controls.
Global markets are seeing slight increases, with the S&P 500 nearing a record high.
Apple announced a new iOS redesign called "Liquid Glass" at its Worldwide Developers Conference, but investors were not impressed.
Chinese coffee chains, like Luckin Coffee, are expanding internationally, with plans to open a branch in New York City.
