A thaw in the commercial position of the United States and China sent higher risk assets in the hours that followed the closure of the US stock market on Wednesday.
“Current prices and trade barriers are not durable, but we do not want to decline,” said the United States Secretary of the Treasury Scott Bessent, disclosing plans to go to Switzerland to meet Chinese counterparts for commercial negotiations next weekend.
“The senior American officials have made a series of remarks alluding to the adjustments to the prices and expressed, by various channels, the desire to engage in the Chinese team on issues related to the prices,” said a spokesperson for the China Ministry of Commerce. “China has carefully evaluated these messages on the American side and, after fully considered global expectations, the own interests of China and the calls of American industries and consumers, decided to engage with the United States”
The news quickly made Bitcoin (BTC) up around 3% at $ 97,200. Nasdaq 100 and S&P 500 term contracts jumped approximately 1%.
