Markets found additional support from easing trade tensions between the United States and China. Treasury Secretary Scott Bessent said relations with Beijing had “de-escalated,” and both nations plan to resume talks in Malaysia. President Trump also signaled a softer stance on , raising hopes that the proposed 100% levy on Chinese imports scheduled for November may not proceed.
Global equity markets mirrored the upbeat tone. The Stoxx Europe 600 and MSCI World Index both advanced 0.9%. In currencies, the dollar edged slightly higher, while the yen weakened against the greenback. Bond yields fell modestly, with the US 10-year Treasury yield slipping to 4.00%.
surged 2% to trade above $111,000, while gold prices rose 1.5% to $4,316.40 per ounce. Oil prices declined 0.8% as West Texas Intermediate crude traded at $57.08 a barrel.
Overall, investor sentiment strengthened as strong earnings and reduced geopolitical tensions outweighed concerns about the government shutdown and delayed inflation data.
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