Global Markets Take a Positive Turn with Geopolitical Tensions Easing and Trade Negotiations Progressing

This week's trading starts on a positive note, as risk appetite improves and geopolitical concerns around oil supply ease. U.S. stock futures are sharply higher while Treasury yields drop, signaling growing confidence in financial markets. Bitcoin is also surging more than 4%. However, crude oil prices have fallen nearly 3%, with investors removing some of the geopolitical premium from the market due to improved relations between Middle Eastern nations. The U.S. dollar moves mixed, remaining stable against the euro and Swiss franc but gaining ground against the yen, pound, and Canadian dollar while losing value against the Australian and New Zealand dollars. The Australian dollar is the strongest major currency while the Japanese yen is the weakest. This week will be crucial with Chinese President Xi Jinping's visit to the United States, where discussions on trade issues are expected. Meanwhile, tensions in the Middle East remain high but the recent attacks on oil facilities in Saudi Arabia seem to have lessened concerns.