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Mild positive bias as markets prepare for trade talks volatility
The sensitivity to newsflow surrounding the US/China trade talks is significant now. Conflicting snippets are coming out of US and Chinese sources over the progress of the low level talks have driven fluctuations in US futures overnight. The is speculation from China that no progress has been made so far and that but also that Vice Premier Liu He could leave a day early, but also that China will accept a partial trade deal. However, there is more encouraging speculation coming from the US that suggests President Trump may be ready to postpone tariff increases next week in exchange for a currency pact. There is also ... (full story)