US and China Restore Trade Truce but Markets Subdued Ahead of US CPI
From Investing.com: 2025-06-11 06:11:00
US and China have reached a framework deal to ease export curbs following trade talks, but lack of details caps sentiment. Fed rate cut bets scaled back ahead of expected US CPI increase. Equities are modestly upbeat with cautious risk appetite, dollar steadier but gold climbs. Pound extends slide ahead of UK government spending review. US and China agree to ease export curbs, with few details revealed about the deal struck at midnight in London. Market reaction muted as deal puts original trade truce back on track, but more permanent deal on tariffs likely a long process. Dollar eyes CPI data and Treasury auctions, with uncertainty surrounding tariff impact on US inflation. Pound on backfoot as gold heads higher amid soft labor market stats and increased rate cut bets.
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