US Treasury Secretary Bessent on China says the Board of Investment will discuss nonstrategic, nonsensitive areas where the Chinese could invest; pushes back against USD 1tln number
The comments from Treasury Secretary Bessent signal a potential thaw in U.S.-China relations, particularly regarding foreign investment in non-sensitive sectors.
US Treasury Secretary Bessent, asked about reports that Nvidia (NVDA) H200 chips have been approved for some China companies, says it would be news to him if the firms were approved
OPEC+ will reportedly persist with symbolic monthly output hikes; OPEC+ reportedly plans to complete its series of quota hikes, according to delegates cited by Bloomberg
US Treasury Secretary Bessent on China says the Board of Investment will discuss nonstrategic, nonsensitive areas where the Chinese could invest; pushes back against USD 1tln number
Allies of UK Health Secretary Streeting believe his leadership announcement could be pre-empted by PM Starmer announcing a timetable for his departure, possibly today, ITV's Peston; adds, less-partisan sources say "in the end game"
Pakistani Foreign Ministry spokesperson, on US-Iran not coming to an agreement says, "we are not discouraged", "we remain positively engaged"
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Bessent says US President Trump told Chinese President Xi that he wants to open up China.
This could influence investor sentiment across various assets, including the USD, as easing trade tensions might foster a more favorable environment for risk assets. However, the emphasis on non-strategic areas suggests that significant barriers to full integration remain, tempering any bullish outlook with caution.
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