
Prioritizing Food Quality Over Carb or Fat Restrictions for Heart Health
Section: Health
On May 12, 2025, signs of easing tensions in the trade conflict between the United States and China significantly influenced global markets. The announcement of a 90-day pause in the trade war prompted varied responses across different asset classes.
Gold, typically viewed as a safe haven during turbulent times, experienced a notable decline. The price for an ounce of gold fell sharply to approximately $3,233, marking a decrease of about $91 from the previous Friday. In euro terms, the gold price also dipped, dropping roughly EUR52 to EUR2,904 per ounce.
In stark contrast, investor sentiment surged in the stock markets as many turned away from gold and flocked back to equities. Futures for the benchmark S&P 500 index in the US rose by 3%. The major technology stocks, which had suffered significant losses earlier in the year, were poised for substantial gains, with Nasdaq-100 futures climbing by 3.8%. European markets mirrored this trend, with the German DAX index up 1.3% and the Euro Stoxx 50 index increasing by 1.85%.
In China, stock indices also saw robust gains. The Hang Seng China Enterprises Index and the Hang Seng Benchmark Index both surged by 3.6%. Meanwhile, the CSI 300 Index on the mainland closed 1.2% higher, recovering losses incurred after the US imposed high tariffs on key trade partners in early April.
Investor relief was felt beyond the US and China. In South Asia, stock markets in India and Pakistan rallied following a ceasefire agreement after intense clashes, leading to a rise of up to 3% in Indian stocks and as much as 9.2% in Pakistani stocks.
The recent negotiations in Geneva resulted in a significant agreement between the US and China. Both nations have pledged to lower tariffs on imports substantially for the next 90 days, aiming to mitigate trade tensions and allow additional time to resolve their differences.
The US dollar, which had suffered during the trade disputes, rebounded as the Bloomberg Dollar Spot Index rose by 0.7%, reaching its highest level since April 14. Conversely, the euro fell by 1.1% to $1.1122, approaching its worst performance of the year.
Oil prices also saw an upturn, with Brent crude oil for July delivery priced at $65.61 per barrel, an increase of 2.71% from Friday. The US West Texas Intermediate (WTI) crude for June delivery climbed 2.65% to $62.67 per barrel. This upward momentum in oil prices continued the recovery observed in recent trading days, spurred by optimism regarding global economic prospects following the tariff reductions between the US and China.
Overall, the trading day reflected a significant shift in market sentiment, highlighting the interconnectedness of global financial systems and the impact of diplomatic developments on economic forecasts.
Section: Health
Section: News
Section: Health Insurance
Section: Health
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Section: Politics
Section: Politics
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Section: Politics
Section: Health
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