Another Crazy Monday?
The high-level economic and trade talks between China and the United States concluded last weekend, with both sides stating that substantial progress was made, igniting market optimism. The US dollar strengthened against safe-haven currencies, reflecting the market's positive response to the outcomes of the talks;
This week, the U.S. will release April consumer price data and retail data, which will reflect the preliminary impact of tariffs, but the market is generally optimistic about Monday's performance.
Last weekend, high-level economic and trade talks between China and the United States were held in Geneva, Switzerland. According to the Chinese lead negotiator, the talks were candid, in-depth, and constructive, reaching important consensus and achieving substantial progress.
U.S. Treasury Secretary Yellen also stated that the trade negotiations with China have made substantial progress. The statements from both sides are undoubtedly crucial for easing international trade disputes, and they have sparked market optimism about returning to the right track.
