You're listening to Markets Desk, let's get you caught up on what's moving.
Microsoft shares are pushing toward their highest close of the year, a remarkable reversal for a stock that stumbled badly coming into twenty twenty five. Investors have gradually bought back into the company's artificial intelligence story, and that conviction is now showing up in the price action in a meaningful way.
Turning to the macro picture, the Trump-Xi summit wrapped in Washington with plenty of ceremony and very little in the way of concrete deliverables. The two leaders sidestepped hard questions on Taiwan and Iran, keeping the meeting largely symbolic. Markets had hoped for more, and the ambiguity leaves trade policy risk firmly on the table heading into the back half of the year.
And in crypto, Bitcoin exchange-traded funds have made a dramatic swing from five point eight billion dollars in outflows to eight hundred million dollars in inflows, a shift that signals renewed institutional appetite after Bitcoin shed nearly forty percent earlier this year. Whether that momentum holds depends heavily on rate expectations and broader risk sentiment, so watch the Fed closely here.
That's the tape. Markets Desk, signing off the floor.
