Stock markets rally as Trump sounds upbeat about a trade deal with China

Stock markets rallied on Wednesday as US President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.

In an interview with Reuters, Trump said talks were taking place with Beijing by phone and he would not raise tariffs on Chinese imports until he was sure about a deal. Trump also said he would intervene in the Justice Department's case against a top executive at China's Huawei Technologies if it would.....

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