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.
Daily Summary: US100 Hits New Highs on Weak NFP π¨
Oil down nearly 5% following the announcement that European diesel reserves will be releasedπ‘
BREAKING: US NFP data surprises to the downside; USD dipsπ₯
π‘Gold takes a breath, because of oil, not NFP