
Futures up, gold & franc down on trade optimism
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 foretaste of de-escalation is giving a boost to risk appetite this morning –although pharma stocks are under pressure on Trump’s plans to order a cut in US prescription drug costs – he doesn’t want Americans to pay more than people in countries with the lowest price...
In FX, the US dollar is slightly softer this morning – on the back of trade optimism – while the Swiss...