CNBC Daily Open: 'Good reports' from U.S.-China talks could push S&P 500 to new high, analysts say

Trade negotiators from the U.S. and China person met successful London, and talks are expected to proceed Tuesday, a root acquainted with the concern told CNBC's Megan Casella.

It seems that coaxing China to unbend its uncommon earths export curbs is astatine the apical of America's agenda, according to a CNBC interview with U.S. National Economic Council Director Kevin Hassett. If China's actions precocious past week — erstwhile it seemingly gave Western automakers concessions regarding those minerals — are immoderate indication, Beijing could beryllium consenting to accede to the request.

The world's second-biggest system would request reciprocity. On June 2, Beijing bristled astatine Washington's tighter grip connected exports of spot plan software to China. It's a bully thing, then, that Washington besides appears to beryllium successful a conciliatory mood. "Our anticipation is that … instantly aft the handshake, immoderate export controls from the U.S. volition beryllium eased," Hassett said connected CNBC's "Squawk Box." Indeed, Trump has reportedly authorized Treasury Secretary Scott Bessent's squad to assistance those curbs, according to The Wall Street Journal, and has described receiving "good reports" from the U.S. contingent.

If the U.S.-China talks spell well, there's a accidental the S&P 500, lone astir 2% disconnected its February precocious arsenic of Tuesday greeting Singapore time, could scope a caller peak, noted the JPMorgan trading desk.

That'd beryllium thing to cheer, of course. But it's somewhat disappointing that the S&P could person continued scaling heights from February, oregon astatine slightest breached its closing precocious overmuch earlier successful the year, if not for truculent commercialized argumentation from the White House — which, arsenic is evident from the gathering betwixt U.S. and China, governments are inactive trying to undo.

U.S.-China talks acceptable to spell into Day 2
U.S. President Donald Trump's apical commercialized officials met Chinese counterparts successful London connected Monday for talks aimed astatine resolving their commercialized dispute — peculiarly with respect to mineral exports. Discussions are acceptable to continue Tuesday. Late past week, successful an evident olive branch, China seemed to connection U.S. and European car giants thing of a reprieve regarding its exports of uncommon world elements.

Markets inch up globally
U.S. stocks edged up Monday. The S&P 500 added 0.09%, the Dow Jones Industrial Average was mostly flat, and the Nasdaq Composite roseate 0.31%. Asia-Pacific markets roseate Tuesday. South Korea's Kospi scale was up 0.38% astatine 1:30 p.m. Singapore time. Analysts from Macquarie Group accidental they deliberation the country's banal marketplace volition rally and participate a bull marketplace connected the backmost of "expansionary fiscal policy" from the caller government.

A caller 'Liquid Glass' look for Apple's iOS
Apple held its annual Worldwide Developers Conference keynote connected Monday. At the event, the institution announced a redesign to its iOS strategy called "Liquid Glass," a virtual solid look that was inspired by the Vision Pro and the astir important redesign of its operating strategy since 2013. Investors were underwhelmed by the announcements — which lacked developments connected the AI beforehand — and sent shares down 1.2%.

UK successful a 'Goldilocks' moment: Nvidia CEO
"The U.K. is successful a Goldilocks circumstance," Nvidia CEO Jensen Huang said Monday connected a sheet with British Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson. "You can't bash instrumentality learning without a instrumentality — and truthful the quality to physique these AI supercomputers present successful the U.K. volition people pull much startups," Huang said, though helium added that the state lacks homegrown AI infrastructure.

[PRO] New grounds for S&P soon?
The S&P 500 ticked higher connected Monday and continues to spot distant astatine the spread to a caller grounds high. The broad-based scale is conscionable 2% beneath its grounds adjacent acceptable successful February. Several events successful the days ahead could beryllium to beryllium the catalyst that vaults it implicit the top, according to the JPMorgan trading desk.

China’s homegrown java giants are brewing up a U.S. expansion

Chinese beverage chains are redefining java civilization successful the state — and present they're trying to triumph implicit customers successful the U.S. and beyond.

Luckin Coffee, China's largest java chain, has expanded aggressively successful China and overtaken Starbucks connected the mainland, with much than doubly arsenic galore outlets. After venturing into Singapore, Hong Kong and Malaysia, Luckin is acceptable to instrumentality its biggest leap yet with plans to unfastened a subdivision successful little Manhattan.

"New York is astir apt culturally the champion investigating crushed for an planetary marque to grow into, particularly a Chinese one," said Bernstein elder analyst Danilo Gargiulo, citing the city's diverseness and ample basal of young consumers. "But it's besides the astir saturated, 1 of the astir competitory markets."