The weekend brought good news. The negotiations between American and Chinese officials this weekend in Geneva went well – apparently – as US Treasury Secretary Bessent said that ‘substantial progress was made.’ The comments were more measured from the Chinese side, but officials there also said they had made ‘sound sustainable development.’ What exactly that […]
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WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their Read more…
US-China trade talks over the weekend developed more positively than both we and consensus expected. Below we give a short overview of what happened and the implications in US and China, respectively. What it means Read more…
The price of a troy ounce of gold fell to 3,273 USD on Monday, losing about 1% compared to the previous session’s level. Key factors driving gold’s movement The primary reason for the decline is Read more…