No details on US-China trade talks but both US and China officials are upbeatChina says Geneva trade talk meeting a first step; differences &frictions remain; win-win
The early market response was a higher USD:
Monday open levels, indicative FX prices, May 12, 2025 - USD/JPY up, EUR/USD downUS equity index futures open higher.UST futures lower Fed funds trim rate cut prospect
Vibes winning on equities:
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