Following a recent meeting between President Trump and President Xi, China has started to make limited purchases of U.S. farm goods. This development is significant as it may signal a thaw in trade relations between the two countries, which have been strained for some time. By resuming imports, China could help American farmers who have been adversely affected by tariffs and trade tensions, potentially leading to a more stable agricultural market.

Diageo has lowered its guidance for the 2026 fiscal year, citing weakness in the U.S. and China markets. The company anticipates organic net sales growth to be flat or slightly down, while organic operating profit growth is expected to be in the low to mid-single digits. This adjustment highlights the challenges Diageo faces in two of its largest markets, which could impact investor confidence and future growth prospects.

Wise shares have bounced back following the release of solid financial results, despite a 13% drop in pretax profit attributed to increased administrative expenses, including hiring. The underlying income, however, showed a positive trend with a 13% increase. This recovery is significant as it comes ahead of Wise's anticipated move to list in the U.S., which could attract more investors and enhance its market presence.

U.S. stock futures are holding steady as investors keep a close eye on upcoming corporate earnings reports and a tariff hearing involving former President Trump. This situation is significant as it could influence market trends and investor confidence, especially in light of ongoing economic challenges.

The U.S. transportation secretary, Sean Duffy, has warned that if the government shutdown continues, flight capacity could be reduced by up to 10% at 40 airports nationwide. This decision comes as air traffic controllers report increasing fatigue, raising concerns about safety and efficiency in air travel. The potential cuts highlight the broader implications of the shutdown on essential services and the travel industry, affecting countless passengers and airlines.

EDP, Portugal's leading energy company, has announced a significant investment of $14 billion aimed at expanding its operations in the U.S. from 2026 to 2028. This move is crucial as it not only highlights EDP's commitment to growth in the renewable energy sector but also reflects the increasing importance of the U.S. market in global energy strategies. By focusing on this expansion, EDP is positioning itself to capitalize on the growing demand for sustainable energy solutions, which is vital for both the company's future and the broader fight against climate change.

Oil prices saw a slight increase in early trading, but the overall sentiment remains negative due to indications of weaker demand. This situation is significant as it reflects the ongoing challenges in the oil market, which could impact global economies and fuel prices.

Hiscox has reported mixed results in retail growth for the third quarter, with the US segment showing signs of slowing down. This is significant as it highlights the challenges faced by companies in the retail sector, particularly in the US market, which could impact future strategies and investments.