There is an element of cautiously positive risk appetite just creeping back into markets this morning. The hope that the US and China can come together to sign up to “Phase One” of their agreement on trade took a step forward over the weekend as both sides talked up prospects. Agreements over respective poultry imports will help to pave the road, but the cancellation of the next phase of tariffs due in December would be a real boost for sentiment if agreed. Talks continue on a vice ministerial basis and the APEC meeting in mid-November is still being eyed as a potential signing event. With volatility falling on ... (full story)