Market Summary (Jun 11, 2025)
US-China trade talks wrapped up with a framework to uphold the Geneva deal—enough to avert escalation but nothing to spark a big rally. That leaves markets in a mild risk-on mode: equities (S&P 500, Nasdaq) grinding higher toward all-time highs, safe havens (gold, CHF, JPY) under pressure, and high-beta FX (AUD, NZD, CAD) outperforming USD. All eyes are on today’s May CPI (core expected +0.25% m/m): a dovish miss could fuel further gains in stocks, crypto (Bitcoin) and carry currencies, while a hawkish surprise would likely cap upside. Gold remains in its broader bull trend but is tactically vulnerable. EUR/USD should stay under short-term pressure as USD demand eases only modestly.
