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BTCC / BTCC Square / Global Cryptocurrency /
DAX Hits New All-Time High on US-China Trade Deal Optimism

DAX Hits New All-Time High on US-China Trade Deal Optimism

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-12 09:21:02
0

Global markets surged after China and the US announced a preliminary trade agreement during talks in Switzerland, though critical details remain undisclosed. The DAX index rallied to a record high as risk appetite improved, with technical indicators confirming the bullish breakout.

Market Optimism may be premature—existing tariffs leave substantial room for renegotiation, and the lack of concrete terms risks disappointment. The joint statement expected Monday will be scrutinized for tariff specifics that could determine whether the rally sustains.

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