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The rise in the Caixin manufacturing PMI mirrored its official counterpart, with both surveys suggesting that China's industrial sector is benefiting from a combination of tariff front-running and fiscal support,
said Julian Evans-Pritchard, an economist at Capital Economics
It is possible that a significant portion of last night's rebound in the key (Wall Street) indices was attributable to month-end and quarter-end rebalancing flows, as well as short covering ahead of Trump's Liberation Day, amid considerable uncertainty about what comes next,
said Tony Sycamore, an analyst at IGOn top of general risk aversion, investors are increasing allocation to gold with the Trump administration's trade policy threatening the dollar's special reserve status,
said Kyle Rodda, senior financial markets analyst at Capital.com