According to Bessent, China is now facing a key decision 📌

U.S. Treasury Secretary Scott Bessent, speaking at the summit in Zurich, stated that China must decide whether it wants to be a credible partner on the international stage, and emphasized the need to transform its economy into a consumption-based model.

He also pointed to opportunities for deepening U.S.-Swiss cooperation in artificial intelligence and financial services. He highlighted the goals of the Trump administration, such as the development of precision manufacturing and maintaining the U.S. as an attractive place for investment through tax cuts and deregulation. Bessent also noted ongoing efforts to simplify global financial rules and capital requirements in collaboration with Swiss partners.

U.S. indices are recovering after a shaky cash session open. Currently, the biggest gains are seen in the small-cap index US2000, up +1.40%, followed by US100 gaining 0.53%, and US500 rising 0.40%. At the same time, we observe a strong rebound in the U.S. dollar, whose strength is causing a 0.60% drop in the EURUSD pair.

9 September 2026, 7:02 PM

Daily summary: Wall Street falls as oil prices rise 🚩 10-year Treasury yields hit their highest level since 2023

9 September 2026, 6:25 PM

EIA raises oil price forecasts 🍳 What did the STEO report show?

9 September 2026, 6:05 PM

Treasury triples bond buybacks, but yields keep rising 🚩 TNOTE at its highest since November 2023

9 September 2026, 4:15 PM

📈 Oil climbs above $100

Forex Economic reports

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