Global stocks rise, as Trump hints at a softer approach towards tariffs on China.
Chinese equities jumped and the yuan extended gains.
Hong Kong equity futures gained more than 2% on short covering.
Assets often seen as proxies for China also reacted, with the Australian dollar gaining 0.7%.
S&P 500 and Dow futures were little changed overnight.
The BoJ hiked as widely expected; the yen strengthened, Nikkei and Topix futures pared gains, and JGB futures moved another 20 ticks lower.
Back in the US, there’s some optimism Trump’s administration may be able to introducing measures that will boost growth and stocks, while also limiting prices pressures, which should allow the Federal Reserve to continue monetary easing this year.
The British pound rose 0.5% to $1.2410.
Bitcoin rose 1.8% to $104,976.61.
Ether rose 4.5% to $3,394.28Up ahead today, we have EUR, GBP, and US PMI, along with the prestigious.
University of Michigan's Consumer Confidence.
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