#Newtradeupdate
Here are some key trade updates:
# Global Market Trends
- *US-China Trade Talks*: A tentative agreement has been reached, with the US rolling back tariffs on Chinese goods from 145% to 30%, and China cutting duties on US imports from 125% to 10%. This development has boosted investor sentiment and led to a market rally.
- *Market Reaction*: Futures prices indicate a strong day for US markets, with the Nasdaq expected to rise by 3.3% and the S&P 500 by 2.5%. Asian markets have also seen a bounce, with the Hang Seng index rising by 3% ¹.
# Currency Updates
- *EUR/USD*: The pair is trading near 1.1110, with the US Dollar strengthening due to progress in US-China trade negotiations.
- *GBP/USD*: The pair is holding near 1.3200 after UK employment data showed the ILO Unemployment Rate edged higher to 4.5% in the three months to April.
# Commodities
- *Gold*: The price has defended the $3,200 mark, with traders awaiting US Consumer Price Index data to drive the next trading impetus.
- *Copper*: Global demand is expected to grow by over 40% by 2040, but supply isn't keeping pace. Meeting this demand may require 80 new mines and $250 billion in investment by 2030 ² ³.
