Markets Cheer: Bitcoin and European Stocks Up Ahead of Trump-Xi Meeting

Bitcoin and European Stocks Rise Ahead of Trump-Xi Meeting

Bitcoin (BTC) traded above $111,000 Friday morning in Europe, bolstered by news of a confirmed meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

The leaders are set to meet on October 30 at the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea—their first face-to-face encounter since Trump took office.

The announcement comes amid escalating trade tensions, with Trump imposing 100% tariffs on Chinese imports in response to Beijing’s tightening of rare earth exports. These tariffs are scheduled to take effect November 1 unless a deal is reached beforehand.

European equities rose alongside BTC, with S&P 500 futures climbing 0.3%, the Euro Stoxx 50 up 0.25%, and Germany’s DAX gaining 0.15%. Meanwhile, gold slipped nearly 1% to $4,089 as investors awaited U.S. inflation data.