US-China trade de-escalation hopes boost market sentiment, major US indices rise over 2%.

From Investing.com: 2025-04-23 01:39:00

Risk appetite returned in the US session following remarks by US Treasury Secretary Bessent on a de-escalatory path forward in US-China trade. Major US stock indices rose over 2%, but stayed below 20-day moving averages. The Euro and Pound gained against safe-haven currencies. Asian futures extended gains after news that Trump eased on Fed Chair Powell removal threat and hinted at tariff reductions. Asian benchmark stock indices surged on US-China de-escalation hopes. Gold fell 1.3% after hitting all-time high. IMF lowered global economic growth forecast to 2.8% for 2025 due to trade tensions.

Source: MarketPulse



Read more at Investing.com: US-China De-Escalation Optimism Sparks Revival of Relief Risk Appetite