The Intelligence Layer Beyond Your Own Book

US-China trade tensions continued as China accused the US of violating their recent trade deal, rejecting Trump’s claim last Friday that Beijing breached the consensus first.

Yesterday’s risk rally was short-lived, as most investors digested that the US Trade Court’s tariff ruling does not resolve the broader uncertainty around trade. The US administration has not backed down and intends to either maintain the levies or pursue alternative measures.

With this backdrop, oil has rallied, with WTI climbing to $62.89 a barrel on heightened demand expectations, while markets await the upcoming OPEC meeting later this week.