The reaction on financial markets to an invitation from the White House for Chinese trade officials to discuss the trade dispute reflects just how much markets remain attuned to this issue. For the past week there has been little real direction but there was a jump in sentiment, away from safety and towards risk. This means primarily that the yen and the dollar have been hit, whilst the Chinese yuan has also made ground again (a positive signal for emerging markets). How long this positivity lasts remains to be seen, and already there are signs that the gains in Asia overnight are not translating into the European ... (full story)