Upbeat comments on CCTV

State-run CCTV reported that China and the United States made "new progress" in talks that wrapped up on Friday.

The sides are expected to continue talks in the week ahead via teleconference.

CCTV reported that both sides were working on a draft text that included technology transfers, protection of IP rights, services, agriculture, the trade balance and implementation.

The tone from Trump on Friday was also upbeat. At this point you have to believe that a deal is almost entirely priced in and that there's a risk of a 'sell the fact' whenever there is an announcement of a bilateral summit or when the deal is signed.