This may be a triumph of hope over expectation but just a couple of positive straws in the wind as US / China talks resume raising hopes yet again of a possible toning down or maybe even an end to the escalation of their trade war. This would tie in with my theory about Trump's Machiavellian plan to game the US economy for his electoral benefit.
Meanwhile in the UK their was an unexpected turn of events as the BBC reports - "Brexit Secretary Stephen Barclay is to meet the EU's chief negotiator later - after Prime Minister Boris Johnson and his Irish counterpart agreed they could "see a pathway to a possible deal".
Notable movers this morning are the House Builders and Banks as markets maybe react to the possibility or an unexpected deal to leave the EU and therefore less drastic times for the domestic economy. Even the soggy old Pound is up a bit. Or maybe it just reflects some bear closing ahead of the weekend in case there are some positive developments?
Nevertheless it is worth remembering that the UK market is pretty unloved and beaten down in terms of its valuation, so any positive surprises could lead to a sharp bounce, I suspect, if indeed there is a "pathway to a possible deal" which could be a Stairway to Heaven for Brexit supporters. Or will it be another Long & Winding Road to an extension, a Highway to Hell of another referendum or a Labour Government , a Road to Nowhere or the Hotel California - take your pick. Personally I still suspect we'll be forced into another extension and probably a second referendum down the line so that the MP's & the EU can get the "right" result as they see it this time.
Sorry for the tired old music analogy, but couldn't resist on a day when incredibly HMV said it was going to open a massive new store spanning 25,000 sq ft across one floor - almost the size of 12 tennis courts - HMV Vault in Birmingham promises to become a "Nirvana for music and film fans". This comes apparently ahead of the 2nd National Album day tomorrow - encouraging fans not to skip but to discover albums. Strange days and before I Ramble On I'll just finish up by saying bizarrely I've "revisited" an album - Abbey Road - 50th Anniversary which has been in the news and apparently topped the charts, having missed it first time around. But ironically I've done that via Spotify - so good luck to HMV's & indeed Thomas Cooks Travel agents new owners as I think they are probably rowing against the tide.