Global markets are watching and analyzing ⚡🔥
* After trading on unconfirmed news about China's intention to cancel tariffs on American goods, primarily:
- Technology chips related to artificial intelligence.
* This news came despite China's denial of any negotiations with the American side, while the other side insists that channels of dialogue are open.
⚡ The markets reacted quickly:
- Gold prices fell to $3,320 per ounce.
- While stock indices rose led by technology and industrial sectors.
- The U.S. dollar began to recover some of its losses, showing a clear recovery after hitting a three-year low.
* In a related context, U.S. monetary policy officials issued warnings about the impact of tariffs on the economy, especially concerning inflation and employment.
* While some voices called for caution and reliance on data, others warned that uncertainty could lead to a freeze in investment decisions and rising unemployment rates.
- Simultaneous statements from the American side showed a tendency to tone down the confrontational rhetoric with Beijing, amid hopes for a "big deal" on the trade front.
* High tariff revenues remain a source of controversy:
- Are they enough to offset the cost of tax reductions, or will their inflationary effects outweigh their financial gains?
* Will rumors succeed in changing the course?