Trump: "Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!"
The little part citing China is what triggered a spike in risk assets. There are probably algos set to trade every positive China headline even if taken out of context.
We all know that both want to negotiate but nobody wants to make the first step.
