Stock markets fell Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.

US President Donald Trump described his meeting in South Korea with Chinese counterpart Xi Jinping — their first since 2019, during Trump’s first term — as “amazing”.

The two leaders agreed to calm the US-China trade war that has roiled global markets, with Washington cutting some tariffs and Beijing committing to keep supplies of critical rare earths flowing.

Stock market reactions were subdued, with Asian and European markets lower on Thursday.

“Looking ahead, the main events today will be Apple and Amazon earnings, along with the ECB’s policy decision,” said Jim Reid, managing director at Deutsche Bank

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