Stocks bounced on Friday, with the Dow reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. were getting close to an agreement about ending their 16-month trade war, which has roiled financial markets and acted as a drag on global growth.
Chinese state media Xinhua reported Sunday that the two sides had "constructive talks" on trade in a high-level phone call on Saturday but gave no further details on the timing of a possible deal.
This will provide the necessary fuel for the risk assets, at least for the star of the the new week.
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