Market Commentary: Monday 9th June

USD weakness continues, declining against all of its Group-of-10 peers. The S&P 500 and European stocks slipped 0.1%, but markets remain near their year-to-date highs, despite ongoing tariff turbulence.

Alongside eased tensions between Trump and Xi, Friday’s upbeat employment data helped ease fears of a US recession. The second round of US–China trade talks takes place later today, with a focus on rare-earth minerals.

Later this week, attention turns to US government bond sales. The Treasury is set to sell $22 billion of 30-year bonds on Thursday.

Spot gold rose 0.2%, crude fell 0.1%, and cryptocurrencies edged lower:

• Bitcoin fell 0.7% to $105,474.89

• Ether fell 1.8% to $2,486

It’s a quiet day on the data front, with Europe celebrating Whit Monday and Australian banks closed in observance of the King’s Birthday.

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