Odaily News After a round of negotiations in Geneva, both China and the United States agreed to drop tariffs and give each other time to resolve their differences. This progress marks an important milestone between the two economic giants. Major tech stocks, which were previously hit hard during the dumping wave, are expected to rise significantly at the opening, while safe-haven assets are dropping, with gold, yen, and Swiss franc all declining.
Traders are also reducing their bets on the extent of rate cuts by major central banks this year. Swap contracts linked to the Federal Reserve meeting now favor a 25 basis point cut in September. Last week, these contracts suggested that the Fed could make a policy change as early as July. (Jinshi)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
