Trump's Trip to China and Global Oil Prices - This Is What You Need to Know
This is what you need to know on Thursday:
European stocks are expected to drift lower Thursday and pull Wall Street futures into the red.
Boeing (BA) - Get Report , Qualcomm (QCOM) - Get Report and GE (GE) - Get Report ink deals with Chinese firms as Trump ends his visit with $250 billion in new contracts.
The U.S. dollar extends declines following President Donald Trump's two-day visit to China and lingering questions over the fate of domestic tax reform.
Global oil prices rose in parallel to the dollar's pullback, even after yesterday's data from the U.S. Energy Information Administration showed domestic production rose to a record 9.26 million barrels per day last week and crude stockpiles expanded by a larger-than-expected 2.2 million barrels.
Adidas AG ADDYY saw North American sales top the $1 billion mark over its last fiscal quarter as it continues to steal market share from rival Nike Inc. (NKE) - Get Report and expand its brand in China.
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