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Markets React Positive Following China-US Envoys Meeting in London to Discuss Trade Deal

  • US and Chinese officials met in London to discuss preventing an escalating trade dispute, with rare earth exports being a key issue.
  • Talks centered around preventing a trade war escalated further, with accusations of Beijing stalling on agreed tariff rollbacks.
  • Market reactions were positive, with the S&P 500 up by 5.52% and Bitcoin rising 3.5% to reclaim US$110k.
  • Optimism around trade stability lifted global investor confidence, leading to an overall optimistic market sentiment.

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