U.S. Treasury Secretary Scott Bessent hailed the progress made with China on tackling fentanyl at trade talks in Switzerland, saying Beijing is "now serious" about the issue. The talks also resulted in the suspension for 90 days of very high tariffs between the world's two largest economies,

U.S. stocks are holding relatively steady following a report that showed inflation unexpectedly slowed across the country last month.

Stock markets rally as US and China agree to slash tariffs for at least 90 days.