U.S. Treasury Secretary Scott Bessent on Wednesday called on China to uphold its commitments under an initial U.S. trade agreement reached in Geneva last month, hours after he and other U.S. and Chinese officials agreed on a new framework to implement the deal.

Trump will definitely be making a victory lap as he heads to the Kennedy Center tonight with first lady Melania Trump to take in a live performance of “Les Misérables.” He’ll also be buoyed by news that U.S. and Chinese negotiators agreed on a framework to resolve the two countries’ trade war and by a better-than-expected inflation report.

BANGKOK (Reuters) -A Chinese-backed militia is protecting new rare earth mines in eastern Myanmar, according to four people familiar with the matter, as Beijing moves to secure control of the minerals it is wielding as a bargaining chip in its trade war with Washington.

Shares of MP Materials are extending a recent rally into Tuesday as officials from the U.S. and China are in the midst of trade talks, with the importing and exporting of rare earths a key topic.

Reuters reported on Wednesday that China has introduced a tracking system for its rare earth magnet sector in a move to improve its control over the sector and crackdown on smuggling.

In China, more companies are discussing AI-driven efficiencies, especially in marketing and coding. Food delivery giant Meituan told investors in late May that about 52% of new code was generated by AI, up from 27% disclosed in March.

China has traditionally viewed North Korea as a security buffer and an ideologically aligned neighbor it can dominate.

Futures contracts for the Stoxx Europe 600 index point to a 0.1% gain at the open. Meanwhile, the U.K.'s FTSE 100, is set to open 0.2% higher, France's CAC 40 could add 0.1% and Germany's DAX is seen opening flat at the start of the trading day.