Stocks Rebound On Reports Trump, Xi Will Meet At G-20

In a headline that was taken as a welcome relief to all the trade-related uncertainty that finally appeared to be weighing on markets,the Wall Street Journal reported that President Trump will meet with Chinese President Xi Jinping at next month’s G-20 meeting in Argentina, causing stocks to turn green and erase all of their losses post-open.

*TRUMP TO MEET CHINA’S XI AT G20 IN NOVEMBER: DJ

Dow futs were up 45 points on the news…

Dow

…erasing earlier losses.

Futs

According to reports, Trump has appointed a dedicated team to plan for the meeting – a team that, interestingly enough, includes Christopher Nixon Cox, the grandson of President Nixon (the president who was widely credited with “opening up” China after meeting with Chairman Mao during a historic 1972 visit to China).

SOURCE:

www.zerohedge.com

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