Futures up, gold & franc down on trade optimism

The weekend brought good news. The negotiations between American and Chinese officials this weekend in Geneva went well – apparently – as US Treasury Secretary Bessent said that ‘substantial progress was made.’ The foretaste of de-escalation is giving a boost to risk appetite this morning –although pharma stocks are under pressure on Trump’s plans to order a cut in US prescription drug costs – he doesn’t want Americans to pay more than people in countries with the lowest price... In FX, the US dollar is slightly softer this morning – on the back of trade optimism – while the Swiss franc and gold retreat. This week, investors will focus on the trade developments, Chinese Big Tech and Walmart results and US CPI update. Listen to find out more!