05/11 U.S. after-hours futures fall on Trump’s comments

05/11 U.S. after-hours futures fall on Trump’s comments

U.S.-Iranian negotiations
Regarding the U.S.-Iran draft, the Iranian media emphasized the need to lift the blockade around the sea after signing the preliminary agreement. At the same time, the U.S. Treasury Department demanded the lifting of sanctions on Iranian oil sales for 30 days, and stressed the need to end the war on all fronts, including Lebanon. In response to Iran’s response, U.S. President Trump said that Iran’s response to the U.S. proposal for an end to the war was unacceptable. Iran’s quick rebuttal against Trump’s comment highlighted uncertainty in the U.S.-Iran negotiations, which was expected this week, and U.S. after-hours futures are down by around 0.3 percent. International oil prices are also up around 3 percent in WTI standards

the U.S.-China summit
China’s deputy prime minister and the U.S. Treasury secretary will hold trade talks in Seoul from May 12-13, according to an announcement Sunday. The talks will take place ahead of the U.S.-China summit from May 14-15, which will be discussed a lot. Meanwhile, a White House spokesperson announced that the U.S. and China will set up a joint trade and investment committee to work together on Trump’s visit to China. In addition, some senior U.S. officials have announced that they will discuss China’s support of Iran and Russia, rare earth agreements, and the possibility of contracts to purchase aircraft and agricultural products.