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. 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.