Risk assets rise as US-China trade talks progress, gold prices fall
From Investing.com: 2025-05-12 05:12:00
US stock futures rose as China and the US made progress in trade talks, boosting hopes of easing tensions. The regional stock index climbed 0.7%, with the up for the eighth consecutive day. Global bonds fell, Indian stocks rose 3%, and Pakistani stocks surged 9% after a ceasefire agreement. The dollar strengthened against the yen and the , while the remained steady near a one-month high. China’s Vice Premier called the talks an “important first step” towards better trade relations, emphasizing mutual benefits and collaboration. US Treasury Secretary Bessent will provide more details on the talks.
In terms of economic data releases, the focus will be on the Bank of England Bank Watchers conference 2025. BoE policymakers Lombardelli and Green will be speaking at the event. On the technical side, the DAX index hit all-time highs near the 24000 mark, with potential resistance at 24250 and 24500. Immediate support levels are at 23471 and 23212. Market participants will closely monitor further developments in the US-China trade talks and any announcements that may follow.
Read more at Investing.com: Risk Assets Rise Following US-China Talks While Gold Slides