#MarketRebound Investors invest in U.S. assets as Trump anticipates trade talks with China
Trump pointed to possible tariff cuts on China while forecasting "substantial" trade talks between the two countries this weekend. Risk sentiment prevailed in the markets as U.S. stocks and the dollar continued to rebound.
Both U.S. stock markets and the dollar rose to their highest levels in a month as appetite for risk continued to recover ahead of trade negotiations between the United States and China.
U.S. and Chinese officials are expected to meet in Switzerland over the weekend, aiming to ease tensions that could lead to mutual trade embargoes. The Trump administration imposed tariffs of up to 145% on imports from China, while China retaliated with tariffs of 125%.