#TrumpTariffs TrumpTariffs ⭕ American President Donald Trump announces that his country has reached a trade agreement with China, indicating that the United States will receive total tariffs 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, but an increase in annual inflation

⬅️ How did global markets react to this news?

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

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

▪️ Brent crude futures rise 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 up, amid optimism that confidence will improve with the larger trade agreement between the two largest economies in the world, with Dow Jones contracts rising more than 100 points, and S&P 500 contracts rising about 0.4%

▪️ The yield on US Treasury bonds falls slightly to 4.45%

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