Markets Hold Breath on VE Day and Trade Talks
Eighty years after World War II ended in Europe, current geopolitical tensions and trade talks shape global markets. The BoE delays its policy announcement, while U.S. and China trade negotiations are anticipated. Meanwhile, gold and Bitcoin prices rise as a sign of demand for defensive assets.
On the 80th anniversary of Victory in Europe Day, global markets are shaped by ongoing geopolitical tensions. The Bank of England has delayed its policy announcement to honor the occasion, amid persistent concerns over inflation and recession.
Investors' eyes are fixed on the upcoming U.S.-China trade talks. Recent gains in Chinese and Hong Kong markets reflect optimism, with hopes that these negotiations might ease significant tariffs. Trump's announcement of a trade deal with a major country has further buoyed markets, despite skepticism.
As geopolitical strains persist, particularly in South Asia, demand for defensive assets like gold and Bitcoin shows resilience. Market-watchers are also focused on key earnings reports and economic data releases expected throughout the day.
(With inputs from agencies.)
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