US President Trump and Chinese President Xi's summit is unlikely to yield a breakthrough, with five people briefed on preparation saying the summit is unlikely to create room for even a limited reset of business and investment ties, according to Reuters

US President Trump and Chinese President Xi's summit is unlikely to yield a breakthrough, with five people briefed on preparation saying the summit is unlikely to create room for even a limited reset of business and investment ties, according to Reuters.

The report suggests that the anticipated summit between President Trump and President Xi may not result in meaningful progress regarding business and investment ties. This poses potential downside risks for market sentiment, particularly in equities and currencies like the USD, as ongoing trade tensions could sustain volatility in global markets and impact sectors sensitive to trade dynamics.