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The global rally loses steam after the SaP 500 closes at a fresh record high, following President Trump’s confirmation that new trade talks with China have already started. Calm returns to Hong Kong following violent overnight protests with demonstrators storming and vandalising the Legislative Council building. We are live on site as the clean-up operation begins. We’re also at the World Economic Forum in Dalian, China, where Premier Li acknowledges global and domestic economic risks and says Beijing will push forward with opening up its financial and manufacturing sectors. Oil prices slip overnight despite yesterday’s decision by Opec to extend supply cuts for a further 9 months. Saudi Arabia’s energy minister Khalid Al-Falih says demand is already picking up.