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13 May 2025

China’s Presi. Xi: Tariff and trade wars produce no winners

Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.”

Further comments

  • Acts of bullying and domination will ultimately lead to isolation.
  • China backs Latin America and the Caribbean in strengthening their role in global multilateral institutions.
  • Beijing remains committed to mutual support with Latin American countries on key issues tied to their core interests and major priorities.
  • China aims to expand collaboration with the region across sectors including infrastructure, agriculture, food security, energy, and mineral resources.
  • China to offer 66 billion yuan credit line to support Latin America and Caribbean countries.
May 13, 2025

WTI moves below $61.50, downside seems limited due to easing of US-China trade tensions

West Texas Intermediate (WTI) Oil price paused its three-day winning streak, trading around $61.40 per barrel during Asian hours on Tuesday. Despite this pullback, Oil prices remain underpinned by optimism following progress in the United States (US)-China trade negotiations.
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May 13, 2025

EUR/USD maintains position above 1.1100 ahead of US inflation data

EUR/USD opened with a bullish gap on Tuesday during the Asian session, trading near the 1.1110 level after suffering losses of over 2.5% in the previous session. The pair faced challenges as the US Dollar (USD) strengthened on the back of progress in the United States (US)-China trade negotiations.
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