U.S. negotiators say the London summit represented progress. But investors and business leaders remain wary.

Treasury Secretary Scott Bessent and other U.S. negotiators say they’ve made progress in trade talks with China.Toby Melville/Reuters

We are hearing that the trade talks with China may be bearing fruit — or at least aren’t at an impasse. We’ve heard positive spin before, so we will wait to hear whether both sides say the same thing before any sort of victory can be declared.

We’re also watching key C.P.I. data on Wednesday. And we’re examining new challenges to the latest trend in finance: funds sponsored by private equity that target retail investors. Good luck!

But will Trump and Xi approve?

For the second time in recent weeks, U.S. negotiators are hailing a truce in the Trump administration’s trade clash with

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