June 26, 2025
World Bank cuts global growth forecast for 2025
Sides look to get Geneva trade truce, that had fostered a global relief rally in stocks, back on track
At a still-undisclosed venue in London, the two sides will try to get back on track with a preliminary agreement struck last month in Geneva
Uncertainty around US trade policy has created havoc for businesses around the world
The US president says he will have no interest in making a deal with the South Asian country
New Delhi is seeking to clinch a trade deal with the US
Financial markets have been on edge for signs of a thaw in a bitter US-China trade war that has already begun to disrupt supply chains, prompt layoffs
S&P 500 futures up 1.1%, and Nikkei is seen higher. Dollar is modestly firmer on safe haven currencies
