Asia Joins Wall Street Celebration of Trump's Tariff Pause
Yet there are also signs the euphoria may soon fade. Oil prices reversed their earlier gains, with Brent below $65 a barrel as investors turned their attention to the likely impact of US-China trade tensions on global energy demand. 'The market seems to be treating this like it's over and I'm not convinced it's over yet,' said Colin Cieszynski, chief market strategist at SIA Wealth Management. Andy Sieg, Citi's head of global wealth, warned that clients should stay cautious. 'Don't chase this, don't buy the dip,' he said.
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