Wall Street recovers but also the dollar in light of statements by the Minister of Finance USAScott Bessed about diverting commercial intensity with China.
Specifically, the US Minister of Finance said today (22.4.2025) at a summit of investors in camera that the tariff confrontation with China is not viable and that it expects the situation to be dumped.
Bessed added that the negotiations have not begun, but that an agreement is possible, according to people who attended his meeting at an event organized by JPMorgan in Washington, who was not open to the public or the media. The Ministry of Finance did not immediately respond to a request for commentary.
The head of the US Ministry of Finance spoke on the sidelines of the Spring Synods of the International Monetary Fund (IMF) and the World Bank, as finance ministers and central bankers are gathering to evaluate the impact of President Donald.
In this climate, the US shares jumped, eliminating yesterday’s decline, while at the same time the equivalent euro -dollar is falling to 0.57%, reaching 1,1443%. Dow Jones records 2.1% to 38,956 points, Nasdaq moves 2.34% higher at 16,241 points, while the S&P 500 earns 2.06% to 5,264 points, after Bloomberg News transmitted the comments of Finance Minister Scott Besed.
Bessed also said that the world’s two top countries have essentially a commercial embargo, as both impose tariffs over 125% on the other products.
The risk assets have expanded their profits after the publication, despite the fact that the negotiations between the two financial forces have not yet begun. In particular, at this time Bitcoin adds 3.78% to $ 90,776, while earlier intra -conference reached over 3% of $ 91,021. This level is the highest of March 7.