The global stock markets in Europe and the United States turned briefly positive on fake news that US President Donald Trump and Chinese President Xi Jinping had agreed on the trade war.

• SPX 2,673.45 +40.89 +1.55%
• Nasdaq 6,678.34 +150.99 +2.31%
• DJIA 24,640.24 +354.29 +1.46%
• DAX 11,378.77 +24.05 +0.21%

Refer to my collegue Skerdian’s update, Risk Assets Jump and Then Come Back Down on Trump-Xi “Fake News” for more details!