#TrumpTariffs TRUMP
10.45
-4.39%
$TRUMP
⭕US President Donald Trump announces that his country has reached a trade agreement with China, noting that America will receive a total tariff of 55% while China will receive 10%
⭕Shortly after Trump's announcement, inflation data in the US for May was released, showing a slowdown in inflation on a monthly basis, and an acceleration on an annual basis
⬅️How did global markets react to these developments?
▪️Gold futures maintain their gains and trade up about 1%, recording levels of $3379.9 per ounce, waiting for 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 US crude futures climb by 1.7% to $66.09 per barrel
▪️Futures contracts for US indices show gains, amid optimism for improved confidence with the two largest economies in the world reaching a trade agreement, with Dow Jones contracts up more than 100 points, and S&P 500 contracts up about 0.4%
▪️The yield on US Treasury bonds slightly declines to 4.45%
