G20

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BreakingUS stock market soars

The Dow Jones Industrial Average jumped by 419.73, or 1.64%, 25,958.19 after US President Donald Trump and China's President Xi Jinping agreed to a ceasefire in the trade war between the world's two largest economies during the G20 summit at the weekend.

The Nasdaq soared by 131.94 points, or 1.8%, to 7,462.42 while the S&P 500 rose by 22.41 points, or 0.82%, to 2,760.17

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Consenus on trade

US President Donald Trump and China's President Xi Jinping are due to meet again this week
Getty Images
US President Donald Trump and China's President Xi Jinping are due to meet again this week

Reuters has been speaking to officials on the sidelines of the G20 conference in Argentina.

The news agency reports that progress is being made between Chinese and US officials over their trade differences.

"Consensus is steadily increasing," Wang Xiaolong, the director general of the foreign ministry's department of international economic affairs, said.

A reminder of what's at stake.