[MARKET UPDATE] Mostly positive start to Asia-Pac trade following the gains on Wall St, where tech outperformed and sentiment was underpinned amid constructive headlines from the Trump-Xi summit
The mostly positive start to Asia-Pac trade following the gains on Wall Street reflects renewed optimism stemming from the Trump-Xi summit.
PBoC is expected to set USD/CNY mid-point at 6.7976 (prev. 6.8401)
BoJ official says April Y/Y increase in wholesale prices was the largest since May 2023
[MARKET UPDATE] Mostly positive start to Asia-Pac trade following the gains on Wall St, where tech outperformed and sentiment was underpinned amid constructive headlines from the Trump-Xi summit
USTR Greer says had a lot of successes in rebalancing trade with China and we expect to see an agreement for double-digit billions of dollars of agricultural sales to China coming out of the summit
Australian Union announces industrial action at Woodside Energy's (WDS) Karratha Gas Plant and Pluto LNG facilities is set to commence on Wednesday
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This constructive sentiment is likely to buoy risk assets, particularly in the tech sector, and may support currencies tied to global growth, including the USD. Traders should monitor any further developments from the summit that could influence market conditions moving forward.
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