Bloomberg reports that China is open to talks with the U.S. if President Trump shows respect, appoints a clear point person, reins in his cabinet, and engages consistently—also emphasizing that discussions must address issues like Taiwan and sanctions.
While the headline triggered a brief risk-on move in markets due to optimism for U.S.-China resolution, the content largely reiterates China's long-standing position. Despite the initial reaction, EURUSD slightly decreased after the news, although it remains up 0.78% on the day. Equity indices also saw a modest rebound following the report.
Does Iran actually want a βdealβ? Trump shifts his narrative on Iran and Spain π‘
Chart of the day π© Oil slides from $80 despite USA - Iran tensions. What's next?
Economic calendar: ECB minutes, US jobless claims and PepsiCo earnings in focus
Morning wrapπ© Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)