From Yahoo Finance: 2025-05-09 00:43:00

Global markets are cautiously optimistic about easing trade tensions between the US and China ahead of scheduled talks in Switzerland. The dollar is up against the euro, but the safe-haven yen is rebounding. Stock markets in Asia are mixed, with Japan’s Nikkei up 1.5%. Bitcoin is near $104,000, with predictions of breaking record highs.

Crude oil prices are up over 3%, while gold prices dip slightly. Trump hints at reducing tariffs on Chinese goods, but reports of a substantial cut are dismissed. Trade agreements between the US and the UK are seen as more style than substance. Analysts hope for more deals to calm volatile markets.

Key events include speeches by BoE and Fed governors, as well as ECB board members. Stay informed with a daily news digest on global trade.



Read more at Yahoo Finance: US-China talks stir hope, and scepticism