Markets underwhelmed by Trump-Xi trade deal despite Boeing order

The Trump administration and China announced a trade agreement that includes a purchase order for 200 Boeing aircraft, yet financial markets expressed disappointment with the overall scope of the deal.

Analysts had anticipated larger commitments, including potentially 500 aircraft orders. The agreement does include some progress on semiconductor issues affecting US technology firm Nvidia.

The muted market response suggests investor scepticism about the depth of US-China trade normalisation and the sustainability of any negotiated arrangement.