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.

12 June 2026, 7:08 PM

Daily summary: Wall Street climbs higher as oil falls 📈 SpaceX surges 28%

12 June 2026, 4:52 PM

Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?

12 June 2026, 4:13 PM

Wall Street Rebounds as Oil Prices Fall 📈 Adobe Shares Drop 8% After Earnings

12 June 2026, 3:08 PM

BREAKING: USDIDX decline despite strong University of Michigan data

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