US President Trump reiterates he is going to China in April, says China President Xi will visit the US later this year; relationship with China is very good right now

US President Trump reiterates he is going to China in April, says China President Xi will visit the US later this year; relationship with China is very good right now.

President Trump's reaffirmation of his upcoming trip to China and Xi's planned visit to the US indicates a potential thaw in US-China relations, which could ease trade tensions that have affected markets. A positive relationship is generally supportive of risk assets, implying possible stability in equities while enhancing sentiment in commodities, particularly those tied to trade flows. Watch for how this impacts the USD and commodity currencies, as well as overall market sentiment going into these events.