1. Trump signs US-EU trade agreement
US President Donald Trump announced that he had signed a “historic agreement” with the European Union, removing a series of tax barriers on US agricultural, gas and industrial products. This is considered a breakthrough in transatlantic trade relations and an important lever for US exports before the election.
2. US-Canada negotiations reach deadlock
In contrast to the progress from the EU, talks between the US and Canada have stalled, with Mr Trump warning of new tariffs if Ottawa does not make concessions next week, raising concerns about broader trade tensions in North America.
3. Wall Street rises slightly thanks to tech stocks
US stocks reacted positively to the trade news. The Nasdaq and S&P 500 both rose, led by technology stocks. However, the gains were still cautious as geopolitical risks have not abated.
4. USD weakens, Yuan plunges
The US dollar reversed its decline as investors expected the Fed to keep interest rates unchanged at its next meeting. Meanwhile, the Chinese yuan continued to slide, reflecting concerns about the country's economic recovery and financial risks in the region.
5. ASEAN holds urgent meeting on Thai-Cambodian tensions
ASEAN convenes emergency meeting in Malaysia to prevent border conflict between Thailand and Cambodia from escalating. Former President Trump unexpectedly speaks out, calling for reconciliation and warning of “regional instability if ASEAN does not act promptly.”
6. Cambodia – Thailand leaders confirm negotiations
The two countries’ prime ministers have confirmed that they will attend a peace conference organized by ASEAN. Thousands of people evacuated at the border are looking forward to the results of the dialogue so that they can return home soon, ending the days of crisis.
7. Gold price sideways, oil recovers slightly
Gold prices were steady around $3,370 an ounce as investors awaited developments at the ASEAN summit and U.S. inflation data. Oil prices rose slightly on hopes for global trade and geopolitical stability.
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