US-UK trade talks, Fed seeks clarity, AI chip curbs: 3 Things
US stock futures (ES=F, NQ=F, YM=F) are up Thursday morning after President Trump announced the administration has reached a trade deal with the UK. More details are to come at a White House press conference Thursday morning. The Federal Reserve held interest rates at its May FOMC meeting on Wednesday, central bank officials stating that they need clarity on the Trump administration's trade policies before they start cutting rates. Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) are among the chip stocks seeing positive gains in pre-market trading yesterday's report stating the Trump administration plans to repeal Biden-era curbs on global AI chip exports. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.