Market sentiment improved last week as cross-asset implied volatilities eased. The announcement of a new US-UK trading framework on Thursday helped bolster investor confidence. This, coupled with productive Sino-American trade negotiations, led to a positive atmosphere in the markets. The VIX Index saw a decline of 1.2 points during the week, indicating reduced market fear. Investors are responding positively to these developments, suggesting a more stable trading environment ahead. The ongoing trade dialogues could shape the market’s trajectory for the coming weeks.