US President Trump and Chinese President Xi hold talks in a restricted session in Zhongnanhai, according to CCTV

The talks between President Trump and President Xi are critical as they may signal a shift in the trade dynamics between the U.S. and China. If the discussions lead to de-escalation of trade tensions, it could boost market sentiment and positively impact risk assets such as equities and commodities. Traders should monitor for any concrete outcomes or statements following these talks, as they will likely influence currency movements, particularly in the USD and JPY.