Japan Trade Deficit Narrows as Exports Surge in May 
Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal 
U.S. Gasoline Prices Fall Below $4 as U.S.-Iran Deal Eases Oil Market Concerns 
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast 
North Korea Reports Industrial Output at 105% of Target Following Party Congress 
Wall Street Surges as US-Iran Deal Eases Oil Price and Inflation Concerns 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Gold Prices Surge Above $4,300 as US-Iran Peace Deal Weakens Dollar and Oil 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Oil Prices Tumble as U.S.-Iran Peace Deal Eases Supply Concerns 
Chinese markets got a boost from President Trump this week, as he tweeted, “Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!”
Reports have also come out suggesting that President Trump has directed to draft a broad-based trade agreement which the two Presidents can agree upon during their meeting at the sidelines of the G20 meeting in Buenos Aires, Argentina, later this month.
Chinese state-owned media Xinhua has also confirmed the cordial call between the two Presidents and confirmed that both has hailed the importance of continued communication and efforts to solve the issues in a coordinated effort, According to Xinhua, President Xi said that he is willing to meet Trump during the G20 summit in Argentina and further exchange views on bilateral ties and other major issues and he made it clear that China has repeatedly made clear its stance on bilateral ties, and hopes that both countries will promote a healthy, stable development of bilateral ties in accordance with the important consensuses reached between him and Trump.
China’s benchmark stock index, Shanghai Composite is up 2.7 percent for the day, while Chinese yuan is up almost 1.5 percent since the news and currently trading at 6.88 per USD.
