Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Treasury Secretary Scott Bessent has taken control of U.S. trade policy, a development that has been positively received by financial markets. Following this shift, the S&P 500 futures experienced a notable increase of approximately 3.1% to 3.3%, while gold prices declined by around 3.1% to 3.8%. Market observers have described Bessent as a pragmatic and rational figure within the administration, contrasting with former President Donald Trump's earlier stance on trade. This change has been interpreted as a return to more measured and conventional trade policy approaches, which has contributed to a strong market rebound.
W Bessent. "But an even better reason for such a big bounce—3.3% on the S&P 500 and a 3.1% drop in the gold price—is that it looks like Treasury Secretary Scott Bessent is now in control of trade policy. Put simply, the grown-ups are in the room." Instead, Bessent is after https://t.co/q2yHJ2oU2H
"But an even better reason for such a big bounce—3.1% on S&P futures and a 3.8% drop in the gold price as I write—is that it looks like Treasury Secretary Scott Bessent is now in control of trade policy. Put simply, the grown-ups are in the room." https://t.co/OAdaOzlI6r
“It looks like Treasury Secretary Scott Bessent is now in control of trade policy. Put simply, the grown-ups are in the room.” https://t.co/qxofkW3hsD
