A defrosting in the commercial position of both the US and China has sent higher risk assets in the hours since the US stock market. UU. It closed on Wednesday.
“Current rates and commercial barriers are unsustainable, but we do not want to decoupling,” said the United States Treasury Secretary Scott Besent, revealing plans to travel to Switzerland to meet with Chinese counterparts for commercial conversations next weekend.
“The senior US officials have made a series of comments that hint adjustments to tariffs and have expressed, through several channels, a desire to interact with the Chinese side on issues related to rates,” said a spokesman for the Chinese Ministry of Commerce. “China has carefully evaluated these messages on the side of the United States and, after completely considering global expectations, China’s own interests and the appeals of US industries and consumers, have decided to accept committing to the United States,”
The news has quickly sent Bitcoin (BTC) higher by approximately 3% to $ 97,200. Futures Nasdaq 100 and S&P 500 have jumped approximately 1%.
