# Most stock markets rallied today after the White House confirmed President Donald Trump would meet China’s Xi Jinping next week, stoking optimism for a cooling of trade tensions. The gains came as oil prices surged over the previous two days on news that Washington had imposed sanctions on two Russian crude giants in a bid to bring an end to the Ukrainian war. Equities have endured a volatile period after the US president sparked fresh trade war fears two weeks ago, by threatening to hit Beijing with 100-percent tariffs.
Stock markets rally after meeting between Trump and Xi is confirmed