{"id":60914,"date":"2026-04-15T02:38:33","date_gmt":"2026-04-15T06:38:33","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/"},"modified":"2026-04-15T02:38:33","modified_gmt":"2026-04-15T06:38:33","slug":"trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/","title":{"rendered":"Trump Beijing Visit and Mixed Q1 Earnings Results Drive Market Sentiment"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#Luxury_and_Retail_Hermes_Hit_by_Geopolitical_Headwinds\" >Luxury and Retail: Hermes Hit by Geopolitical Headwinds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#Automotive_Stellantis_Shipments_Surge_on_North_American_Strength\" >Automotive: Stellantis Shipments Surge on North American Strength<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#Mining_and_Commodities_Antofagasta_Reaffirms_Guidance\" >Mining and Commodities: Antofagasta Reaffirms Guidance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#M_A_and_Regulatory_Aegon_Divestment_and_CMA_Fines\" >M&amp;A and Regulatory: Aegon Divestment and CMA Fines<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-beijing-visit-and-mixed-q1-earnings-results-drive-market-sentiment\/60914\/#Geopolitics_and_Macro_Trumps_Beijing_Pivot_and_Central_Bank_Watch\" >Geopolitics and Macro: Trump&#39;s Beijing Pivot and Central Bank Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Hermes International (<a href=\"\/stock\/RMS\">RMS<\/a>) missed Q1 revenue estimates<\/strong> as Asia-Pacific growth slowed to <strong>2.2%<\/strong>, significantly below the <strong>5.84%<\/strong> expected by analysts.<\/li>\n<li><strong>Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>) reported a 12% year-over-year jump<\/strong> in Q1 consolidated shipments, reaching <strong>1.4 million units<\/strong> driven by strong demand in North America.<\/li>\n<li><strong>Aegon (<a href=\"\/stock\/AEG\">AEG<\/a>) reached an agreement to sell its U.K. unit<\/strong> to Standard Life for <strong>$2.7 billion (\u00a32 billion)<\/strong> as part of a strategic pivot toward the U.S. market.<\/li>\n<li><strong>U.S. President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> is set to visit Beijing<\/strong> amid a warming trend in domestic sentiment toward China, despite criticizing the &quot;sad&quot; state of the U.S.-U.K. special relationship.<\/li>\n<li><strong>The U.K. Competition and Markets Authority (CMA)<\/strong> fined AA and BSM driving schools <strong>\u00a34.2 million<\/strong> for &quot;drip pricing&quot; and ordered refunds for over <strong>80,000 customers<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Luxury_and_Retail_Hermes_Hit_by_Geopolitical_Headwinds\"><\/span>Luxury and Retail: Hermes Hit by Geopolitical Headwinds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hermes International (<a href=\"\/stock\/RMS\">RMS<\/a>) reported Q1 2026 revenue of <strong>\u20ac4.07 billion<\/strong>, falling short of the <strong>\u20ac4.15 billion<\/strong> analyst consensus. The luxury house saw a sharp deceleration in the <strong>Asia-Pacific region<\/strong>, where sales grew just <strong>2.2%<\/strong> compared to the <strong>5.84%<\/strong> forecast. <em>CFO Eric du Halgouet noted that while January and February were strong, sales in Middle Eastern luxury hubs like Dubai plummeted by 40% in March due to regional conflict.<\/em><\/p>\n<p>Leather goods remained a relative bright spot with <strong>9.4% growth<\/strong>, though this also trailed the <strong>10.8%<\/strong> estimate. The company indicated that while early Q2 traffic in the Middle East remains down, sales trends are beginning to show signs of improvement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Automotive_Stellantis_Shipments_Surge_on_North_American_Strength\"><\/span>Automotive: Stellantis Shipments Surge on North American Strength<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>) posted robust Q1 shipment data, delivering <strong>1.4 million units<\/strong> globally, a <strong>12% increase<\/strong> over the previous year. The growth was led by a <strong>17% surge<\/strong> in North American shipments, bolstered by the launch of the new <strong>Ram 1500<\/strong> and refreshed <strong>Jeep<\/strong> models. <em>Enlarged Europe also contributed significantly with a 12% increase, supported by the success of the company&#39;s &quot;Smart Car&quot; platforms.<\/em><\/p>\n<p>Despite the global gains, the automaker faced challenges in <strong>Argentina<\/strong>, where shipments fell <strong>19%<\/strong>, and in the <strong>GCC region<\/strong>, where volumes dropped by over <strong>50%<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mining_and_Commodities_Antofagasta_Reaffirms_Guidance\"><\/span>Mining and Commodities: Antofagasta Reaffirms Guidance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Antofagasta (<a href=\"\/stock\/ANTO\">ANTO<\/a>) reported Q1 copper production of <strong>143,000 tonnes<\/strong>, slightly exceeding the <strong>142,691-tonne<\/strong> estimate despite an <strong>8% year-over-year decline<\/strong>. The company maintained its full-year copper production guidance of <strong>650,000 to 700,000 tonnes<\/strong>, citing improving ore grades at the <strong>Los Pelambres<\/strong> mine. <em>Management highlighted a 30% reduction in net cash costs to $1.08\/lb, driven by strong by-product credits from <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> and molybdenum.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"M_A_and_Regulatory_Aegon_Divestment_and_CMA_Fines\"><\/span>M&amp;A and Regulatory: Aegon Divestment and CMA Fines<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aegon (<a href=\"\/stock\/AEG\">AEG<\/a>) announced the sale of its U.K. operations to <strong>Standard Life<\/strong> for <strong>$2.7 billion<\/strong>, marking a major step in its plan to relocate its headquarters to the U.S. and rebrand as <strong>Transamerica Inc.<\/strong> by 2028. The deal follows a strategic review aimed at reducing capital complexity and focusing on the higher-growth American retirement market.<\/p>\n<p>In the U.K., the <strong>CMA<\/strong> issued a landmark <strong>\u00a34.2 million penalty<\/strong> against <strong>AA Driving School<\/strong> and <strong>BSM Driving School<\/strong>. The regulator found the companies failed to include a mandatory <strong>\u00a33 booking fee<\/strong> in upfront prices, a practice known as &quot;drip pricing.&quot; The schools must now refund more than <strong>80,000 customers<\/strong>, totaling over <strong>\u00a3760,000<\/strong> in repayments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitics_and_Macro_Trumps_Beijing_Pivot_and_Central_Bank_Watch\"><\/span>Geopolitics and Macro: Trump&#39;s Beijing Pivot and Central Bank Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President <strong>Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> is preparing for a high-stakes summit in <strong>Beijing<\/strong>, a move seen as an effort to extend trade truces and secure economic &quot;wins.&quot; In a recent interview with <strong>Sky News<\/strong>, Trump described the current state of the U.S.-U.K. &quot;special relationship&quot; as <strong>&quot;sad,&quot;<\/strong> raising questions about future diplomatic coordination. <em>Meanwhile, Russian Foreign Minister Sergey Lavrov signaled a hardening stance in the Middle East, asserting that Iran has an &quot;indisputable right&quot; to uranium enrichment.<\/em><\/p>\n<p>On the economic calendar, investors are awaiting the <strong>Federal Reserve&#39;s Beige Book<\/strong> and speeches from Fed Governors <strong>Barr<\/strong> and <strong>Bowman<\/strong> later today. In Europe, the <strong>Origo Group<\/strong> survey for Sweden showed a slight downgrade in GDP expectations to <strong>2.1%<\/strong> for the year, while <strong>Norway<\/strong> reported a massive jump in its trade balance to <strong>97.5 billion NOK<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Hermes International (RMS) missed Q1 revenue estimates as Asia-Pacific growth slowed to 2.2%, significantly below the 5.84% expected [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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