Plan is to have a Trump-Xi summit
The market is building up its hopes for a lower-level trade meeting later this month between China and the US based on a report that says the countries are working on a road map that would eventually lead to a Trump-Xi summit in November.
Reports about US-China talks have been crossing all day but that detail about top-level talks is what changed the mood in markets.
At the moment, the euro, pound, Canadian dollar, Aussie and kiwi are all at the best levels of the day. The S&P 500 is also up 13 points to 2853 after starting the day flat.
