Treasury Secretary Bessent told the Wall Street Journal that the upcoming Trump-Xi summit is about “stability”

Treasury Secretary Bessent's remarks signal a focus on stability regarding the upcoming Trump-Xi summit, which could ease market volatility as tensions in trade have previously influenced risk sentiment.

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Iran Parliament Media Office denies reports that Ghalibaf resigned as head of negotiating team, says no new round of talks have been scheduled yet

US Treasury Secretary Bessent says he wouldn't say no to being Fed Chair at a later date, via WSJ; adds he has no interest in the presidency

Treasury Secretary Bessent told the Wall Street Journal that the upcoming Trump-Xi summit is about “stability”

The news of Ghalibaf's resignation as head of the Iranian negotiating team is false, according to Mehr News

Iran Foreign Minister Araghchi will not hold any negotiations with the Americans in Islamabad, via Tasnim; says US Media lied again

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Context

If both parties prioritize stability, we might see a more constructive environment for risk assets and a potential reduction in safe-haven flows. However, actual outcomes will depend on the specifics of discussions and agreements reached at the summit.

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