US EditionGold: Long-Term Bullish Bias Holds Despite Short-Term Weakness on Trade Truce
- The United States and China agreed to a 90-day trade truce over a weekend meeting in Switzerland, leading to tariff reductions and market reactions.
- The truce followed a two-day negotiation that lowered tariffs by 115% but retained a 20% fentanyl-related levy on China, with several details still under discussion.
- The agreement bolstered the US Dollar and drove the USD/JPY exchange rate above 148.20, as improved market sentiment reduced the appeal of the Japanese yen as a protective asset.
- The US Dollar Index surged near 101.80, the highest in a month, as markets anticipate the upcoming US Consumer Price Index data with expected limited impact unless it diverges sharply.
- The trade truce signals growing market confidence, which may ease inflation expectations and influence Federal Reserve monetary policy decisions amid current economic conditions.
13 Articles
13 Articles
World markets rise strongly thanks to the US and China truce in their trade war
The world’s major markets and stock exchanges are rising sharply at this time, in direct reaction to the agreement between the United States and China to put a 90-day pause in their so-called trade war. In the framework of their negotiations in Switzerland, Washington said it will reduce trade rates on Chinese products from 145% to 30%, while Beijing will do so from 125% to 10%. In this context, European stock exchanges are advancing with increa…
Raw materials record their best day on the stock market since 2022
The lowering of the tension between the United States and China today boosts the contributions of the heavy industry worldwide. The reduction in tariffs agreed by the two economic powers represents a relief for May of the fears that had stirred up the trade war, that of a generalized contraction of economic growth, and has in the rise of the raw materials and the mining companies its best reflection.The European sectoral index of raw materials t…
Apple stock soars on news of US-China tariff deal - TECHTELEGRAPH
Apple stock soared almost 6% at market open today, following the announcement of an easement of US tariffs on China. The countries agreed over the weekend to cut reciprocal tariffs from 125% to 10%. However, the deal is set to expire in 90 days as talks over a longer-term resolution continue. Naturally, investors in Apple are reacting positively to the news. Tariffs on Chinese production hurt Apple’s bottom line, as they directly affect the cost…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
