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Talk of a Trump Pivot on China Tariffs Is Helping Stocks - but U.S. Companies Want Actual Trade Deals
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The outlook for tariff negotiations is uncertain, U.S. stock Futures have decreased, European stocks opened lower collectively, and the dollar has weakened.
In Pre-Market Trading, Growth Tech stocks experienced widespread declines, with NVIDIA and Tesla both dropping nearly 1%. JD.com fell about 5%, while Ideal dropped over 2%. European stocks opened lower collectively, and the euro rose 0.6% against the dollar, reaching 1.1386. Spot Gold increased 1.2% to $3,327.98 per ounce.
U.S. Futures Edge Lower, European Stocks Mostly Down
The Forex market is experiencing a "counteroffensive moment" of the dollar, while the bears are still holding onto Put positions.
The recent rise of the dollar has put pressure on the markets betting on a weaker dollar, catching some market participants off guard.
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