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US President Trump says he has a very good relationship with Chinese President Xi

President Trump's statement about a strong relationship with President Xi may suggest a potential easing of trade tensions between the US and China, which could support risk sentiment and strengthen equities.

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UNSC resolution prepared by the US, Saudi Arabia, Bahrain, Qatar, the UAE, and Kuwait opens the door for potential enforcement measures, AsharqNews reports citing the resolution "to be distributed tomorrow"

US President Trump says he has a very good relationship with Chinese President Xi

Iranian Foreign Minister Araghchi posts "As talks are making progress with Pakistan's gracious effort, the US should be wary of being dragged back into quagmire by ill-wishers. So should the UAE."

"Iranian Defense Council member Ali Akbar Ahmadian: Our security does not accept negotiations, and Washington obstructed global navigation and energy security", Al Jazeera reports

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Context

Markets often react positively to diplomatic gestures, viewing them as steps toward stability in trade relations—a key driver for commodities and currencies sensitive to trade flows. While it’s a positive sign, traders should watch for concrete developments to gauge if this relationship could translate into tangible policy shifts.

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