Breaking: Risk-on moves as China say first phase agreed

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After some concern earlier today it does now appear that the US and China have made a significant breakthrough in their frosty trade tensions in news that has sparked a broad risk-on move in the markets. The US500 has rallied back near its all-time high of 3180 along with USDJPY and Oil which have also both surged. Gold has seen some selling pressure with the precious metal dropping back near its lowest level of the day to trade 1466 last.

US stocks have reacted positively to the comments with the US 500 surging by around 15 points to trade back near its all-time high of 3185. Source: xStation

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