AM Markets Need to Know: Trump-Xi meet, strong economic growth for UK, and more

Stock index futures were mixed as investors awaited a fresh inflation report, with market attention split between macro data and geopolitics. A high‑profile Trump‑Xi meeting in Beijing could ease US‑China trade tensions and influence technology and tariff outcomes. Semiconductor sentiment is in focus after reports that Nvidia’s H200 chips have not yet been delivered to China; the summit raises hopes restrictions could be eased, which would materially affect chip supply chains and semiconductor sector demand. Overall, sentiment is constructive for energy and semiconductor names due to strong AI‑driven demand and sector backlogs, while equity futures remain cautious ahead of data. S&P 500 levels cited in the report show the index around 7,444 (up ~0.6%), underscoring ongoing volatility around macro and geopolitical developments.