Overview
- China’s Ministry of Commerce confirmed it is evaluating U.S. requests to begin trade negotiations, signaling potential de-escalation of the tariff war.
- Australian equities (ASX 200) hit a two-month high, closing 1.1% higher, marking a seventh consecutive day of gains and nearing record levels.
- Copper prices rose 0.89% to $9,206 per ton, reflecting optimism over trade talks and potential easing of tariffs that have weighed on base metals.
- European markets opened mixed, with Germany’s DAX and France’s CAC 40 down, while the UK’s FTSE 100 extended its winning streak to 14 sessions.
- U.S. stock futures rebounded, with S&P futures up 0.8% and Nasdaq futures up 0.6%, as investors balanced trade optimism and mixed tech earnings.