Reported 16 days ago
In light of escalating U.S.-China trade tensions, global markets found some relief as Federal Reserve Chair Jerome Powell hinted at the cessation of the central bank's balance sheet reduction amid concerns over a softening labor market. This dovish tone resulted in a drop in U.S. Treasury yields and bolstered gold prices, which reached new highs. While trade anxieties persist, positive movements in U.S. bank earnings and adjustments in economic forecasts by the IMF contributed to a generally optimistic market outlook.
Source: YAHOO