Breaking news on Sino-U.S. economic and trade relations, risk assets rebound, and gold briefly fell below the 3220 level.

date
12/05/2025
During the European trading session, a major joint statement was announced at the China-US-Japan-Geneva economic and trade talks. Global risk assets rose across the board, with most European stock indices up nearly 2%, FTSE China A50 index futures up 1.94%, Hong Kong stocks rebounding sharply, and Bitcoin breaking through $105,000. The US dollar index rose to a high of 101.56, causing non-US currency pairs to decline. Safe-haven gold plummeted rapidly, briefly falling below the $3,220 mark. US 10-year Treasury yields climbed to a one-month high.