It seems that Presidents Trump and Xi has had a relatively fruitful discussion, as the two leaders did not resort to further raising tariffs or other punitive measures against each other. This might not seem too meaningful at first sight, but compared to the alternative scenario, in which talks break down and additional confidence damaging measures are taken, this outcome is definitely promising. There are, however, further issues to tackle, which are not going to be fast (such as intellectual property issues, Huawei, etc.)
Based on the looks of the market moves this morning, the broad market is happy(-ish) with the way things have turned out. These pieces of news were just enough the calm some of the nerves for now. If the talks between US and China remain constructive, then global investor sentiment could persistently improve and translate into stronger appetite for risk assets.
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