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Stock markets rally as US and China agree trade talks – business live

Rolling coverage of the latest economic and financial news

US and China to restart trade talksMeeting is provided for in early OctoberChinese stocks jump 1%

8.13 am BST

The changes of a US-China trade deal anytime soon are thin, tells Ipek Ozkardeskaya, senior sell psychoanalyst at London Capital Group.

She supposes Donald Trump could be tempted to exacerbate developments in the situation, to encourage US central bankers to cut interest rates.

With only a slim chance of a commerce bargain, all investors ask is at least the continuation of the trade talks.

It is uncertain whether Trump would attempt to cool down the busines war moving into the presidential election year, or he would continue fanning the flames and using it as a tool to exercise an ever increasing pressure on the Federal Reserve for lower interest rates

8.01 am BST

Japan’s stock market has hit its highest level in a month, on hopes that the US-China trade war could be easing.

The lift in risk sentiment shows mitigated by the concern that the latest positive developments surrounding the US-China trade impasse may prove fleeting and do not yet fully nullify the downside risks to the global economy.

In order for hazard sentiment to push significantly higher, marketplaces will need to be shown material signs that US and China are indeed drawing closer to a meaningful and final commerce deal. Existing tariffs need to be dismantled in order to alleviate pressures on the global economy.

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Read more: theguardian.com

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