The American President Donald Trump announces that his country has reached a trade agreement with China, indicating that America will receive an overall tariff of 55% while China will receive 10%

⭕ Shortly after Trump's announcement, inflation data for America for May was released, showing a slowdown in inflation on a monthly basis, but an acceleration on an annual basis

⬅️ How did global markets react to these developments?

▪️ Gold futures maintain their gains and trade up about 1% at levels of $3,379.9 per ounce, awaiting confirmation from the Chinese side

▪️ Oil prices maintain their gains at the highest level in nearly two months, amid optimism that the agreement will help stimulate global economic activity and demand for crude

▪️ Brent crude futures rise by about 1.4% to $67.82 per barrel, and U.S. crude futures increase by 1.7% to $66.09 per barrel

▪️ U.S. index futures are up, amid optimism for improved confidence with the two largest economies in the world reaching a trade agreement, with Dow Jones futures rising by more than 100 points, and S&P 500 futures increasing by about 0.4%

▪️ The yield on U.S. Treasury bonds declines slightly to 4.45%

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