Global financial markets are focused on renewed trade talks between the United States and China, as well as an upcoming Federal Reserve policy decision. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet China's Vice Premier He Lifeng in Switzerland this weekend to discuss tariffs, marking the first high-level engagement since the imposition of new tariffs by both countries. The tariffs currently stand at 145% on Chinese imports to the U.S. and 125% on U.S. imports to China. Optimism over the potential de-escalation of the U.S.-China trade dispute has lifted global equities. U.S. stock futures rose, with the Dow Jones Industrial Average gaining 160 points and the S&P 500 edging up 0.2% in early trading. The CSI 300 Index in China increased as much as 0.6%, while the Ibex 35 in Spain opened higher. The euro was at $1.1351. The Federal Reserve is widely expected to hold interest rates steady at its meeting, with the CME FedWatch Tool indicating only a 30% chance of a rate cut in June. Attention is turning to Chair Jerome Powell's comments for signals on the timing of future rate cuts. The dollar index rose 0.3% to 99.546. In commodities, gold initially hit a two-week high on safe-haven demand but retreated more than 1%, with spot gold down 1.2% to $3,386.23 an ounce as optimism around U.S.-China trade talks reduced risk aversion. Brent crude climbed 0.66% to $62.56 per barrel. Bitcoin advanced 1.94% to $96,916. Elsewhere, the People’s Bank of China announced a 10 basis point cut to its seven-day repo rate, lowering it to 1.4%, and introduced additional liquidity measures to support the economy.