Bonds & Stocks
Stocks rose as a decline in oil prices sent bond yields lower, with traders awaiting Nvidia Corp.’s earnings for clues on whether the outlook for artificial intelligence remains intact. The S&P 500 rose 0.3%. The yield on 10-year Treasuries declined four basis points to 4.66%.
Economy
The US is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between Xi Jinping and Donald Trump next month, according to people familiar with the matter.
World
Xi Jinping’s government is sending a message of defiance to Donald Trump over China’s economic ties with Iran. Hours after the US sanctioned dozens of Chinese entities and threatened to target an unspecified “major financial institution” for its dealings with Tehran, Beijing responded by saying its relationship with Iran “should not be disrupted or undermined.”