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 November 2026, 2:57 PM

US OPEN: Falling Oil Prices and Dip-Buying Fuel Rebound as Nvidia falls

9 November 2026, 12:53 PM

Market Wrap: Strong Banking Sector, Sharp Drop in Oil

9 November 2026, 7:51 AM

Economic Calendar: Nvidia at the Center of a Spying Scandal; Oil Prices Fall After Trump's Remarks📆

9 November 2026, 6:37 AM

Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal 💡

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