According to BlockBeats, from May 10 to 11, high-level economic and trade talks between China and the US were held in Geneva, announcing substantial progress. Affected by this news, US stock futures surged across the board, with the Dow, S&P 500, and Nasdaq futures all rising more than 1%.
At the same time, on May 8, the US and UK reached a framework for a trade agreement, which Trump called 'breakthrough'. The agreement will lower tariff barriers and expand market access. The dual positive factors stimulated market sentiment, and the three major US stock indexes ended a three-week decline, while Bitcoin surged over 6% in a single day, breaking through the $100,000 mark.
US Commerce Secretary Ross emphasized that the 10% baseline tariff on multiple countries 'will remain unchanged in the short term', but the US-UK agreement may provide a reference for future trade negotiations. Market optimism regarding global economic recovery and the easing of trade frictions has significantly increased, and risk assets may continue to be strong in the short term.
