The weekend brought good news. The negotiations between American and Chinese officials this weekend in Geneva went well – apparently – as US Treasury Secretary Bessent said that ‘substantial progress was made.’ The foretaste of de-escalation is giving a boost to risk appetite this morning –although pharma stocks are under pressure on Trump’s plans to order a cut in US prescription drug costs – he doesn’t want Americans to pay more than people in countries with the lowest price.
In FX, the US dollar is slightly softer this morning – on the back of trade optimism – while the Swiss franc and gold retreat.
This week, investors will focus on the trade developments, Chinese Big Tech and Walmart results and US CPI update.
作者：Ipek Ozkardeskaya，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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