Ipek Ozkardeskaya
Swissquote Bank Ltd
Trade headlines are striking an optimistic tone this week. According to Bloomberg, US and Chinese officials have agreed on a plan ‘to ease trade tensions,’ a move that could revive the flow of sensitive goods between the world’s two largest economies. Meanwhile, the US and Mexico appear close to finalising a deal that would lift the 50% tariffs on steel imports.
Risk sentiment across Asian markets is broadly positive, but US and European equity futures are modestly lower this morning, likely reflecting some disappointment over the lack of concrete detail in trade negotiations. Officials are now expected to present the proposals to their respective presidents.
In the meantime, investors will focus on today’s US CPI report and UK Chancellor Rachel Reeves spending details.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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