US stocks looked to end a three-day losing streak on Wednesday as investors measured hopes for a breakthrough in the trade dispute between the US and China against the latest rhetoric from Washington.
Presidents Donald Trump and Xi Jinping are expected to meet on the fringes of this week’s G20 summit in Osaka. Mr Trump told Fox News it was possible the US would reach a deal with China, but additional tariffs remained an option if not.
Beforehand, US Treasury Secretary Steven Mnuchin told CNBC that a deal was “90 per cent complete”.
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