US, China Extend Trade Truce as Trump Welcomes Xi
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. A global bond selloff intensified, jolting investors as robust US economic data and weak demand at a debt auction drove Treasury yields across much of the curve to their highest levels in almost two decades. Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. And Iranian President Masoud Pezeshkian said his country won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place, underscoring the difficulty in reaching a peace deal with Washington despite efforts to revive talks this week. Today's guests: Alicia
Tags: Andy Burnham, Bank of Japan, Bentley Motors Ltd., Bloomberg Daybreak: Europe, Canadian dollar, Fed rate hike, Federal Reserve, Global Markets, Gold Prices, Inflation, Iran sanctions, Japanese yen, Scott Bessent, Stephen Carroll, Strait of Hormuz, Trump Xi Jinping, US China trade deal, US Dollar, US Iran talks, Wall Street
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