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Investors' risk appetite remained high yesterday as US Treasury Secretary Bessent said that the current level of US-China tariffs is unsustainable. Trump also seemed confident over an eventual deal with China. The end point for tariff levels remains unclear, but Bessent said about the deal's term that a "reasonable estimate" would be to have it in place by Q3.

https://www.caixabankresearch.com/en/publications/financial-markets-daily-report/24-april-2025