$BTC Below are some key trade news updates:
*Global Market Trends*
- *US-China Trade Agreement*: The United States and China have agreed to temporarily reduce tariffs, with the US cutting tariffs on Chinese goods from 145% to 30%, and China reducing tariffs on US imports from 125% to 10%, for a period of 90 days. This move has boosted investor confidence and led to a surge in global stock markets.
- *Crude Oil Prices*: Brent crude oil futures have risen to about $66 per barrel, reaching a two-week high, driven by the impact of the US-China trade breakthrough.
- *US Dollar Index*: The US dollar index rose over 1% to exceed 101.5 after the US and China agreed to lower tariffs, marking a four-week high.
*Market Performance*
- *Stock Market*: Global stock markets have risen, with major exchanges opening higher, and the Hang Seng Index up 3%. US futures have also surged significantly.
- *Gold Prices*: Due to improved investor sentiment and reduced demand for safe-haven assets, gold prices have dropped nearly 3% to $3,230 per ounce, marking the lowest level in about a month.
*Economic Indicators*
- *Japan's Current Account Surplus*: Japan's current account surplus rose to 36.781 trillion yen in March 2025, roughly in line with market expectations.
- *China's Consumer Prices*: China's consumer prices fell by 0.1% year-on-year in April 2025, maintaining the same pace for the second month and meeting market expectations¹.