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US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
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News and Media
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
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News and Media
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin's resurgence above $100,000 signals a renewed appetite for risk.
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News and Media
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