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

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

⬅️ How did global markets react to these developments?

▪️Gold futures maintain their gains and trade up by about 1%, recording levels of $3379.9 per ounce, awaiting confirmation from the Chinese side

▪️Oil prices maintain their gains at the highest level in about 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 increase by 1.7% to $66.09 per barrel

▪️US index futures are gaining, amid optimism for improved confidence as the world's two largest economies reach a trade agreement, with Dow Jones futures rising by more than 100 points, and S&P 500 futures by about 0.4%

▪️The yield on US Treasury bonds declines slightly to 4.45