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By Rodrigo Santos Andrade
Why the Trump-Xi summit left markets cold | Morning Bid
visibility comment0 event May 16, 2026 timer 07:56
U.S. President Donald Trump and Chinese President Xi Jinping met in Beijing, but markets had little to take away, with no breakthrough on the Strait of Hormuz. Meanwhile, U.S. inflation hit its highest levels since 2022 and 2023, complicating the path for incoming Fed Chair Kevin Warsh, and UK gilts came under pressure as a leadership challenge to Prime Minister Keir Starmer rattled sterling.
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