The US and China restarted trade talks in London on Monday, aiming to ease tensions over rare earths and tech after President Trump and China's leader, Xi Jinping, spoke last week. "The purpose of the meeting today is to make sure that they're serious,

U.S. stocks drifted closer to their record as the world’s two largest economies begin talks on trade that could help avoid a recession.

The South African rand strengthened on Monday as markets awaited the outcome of U.S.-China trade talks. At 1515 GMT, the rand traded at 17.7125 against the dollar, about 0.2% stronger than Friday's close and extending last week's gains.

Live updates and the latest news as Trump threatens arrest for California officials who impede federal immigration enforcement in Los Angeles and his travel ban goes into effect.

In addition to inflation and US-China trade, a key bond auction is on investors' radar. A $22 billion sale of 30-year bonds is scheduled for Thursday.

The dollar was staring at yet another daily loss as the U.S. and China were set to kick off a fresh round of trade talks in London. The U.S. Dollar Index, which measures the value of the dollar agains

S&P 500 futures traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.