China envoy to US says no official talks scheduled between Trump and Xi

China envoy to US, Cui Tiankai, speaks to Bloomberg

  • Says that talks must be based on mutual respect
  • Says what is happening to Huawei is rather unusual
  • Says that US allegations on Huawei are ‘groundless’
There’s your bit of headline risk on the day. The headline sort of contradicts what Mnuchin hinted at overnight with his comments¬†here. US equity futures have pared some of their earlier gains on the back of the comments here.
Watch out in the session ahead, we could be in store for a bumpy end to the week.