'I know you are, but what am I?'
That's the US-China talks covered.
More details here, although it was mainly political theatre:
Top U.S., Chinese diplomats clash at start of first talks of Biden presidency
They will speak again next Thursday...
Asian stocks are mainly lower - Nikkei took a hit after the BOJ announced that it will only buy TOPIX linked ETF's
Nothing too notable elsewhere - U.S. futures looking perkier & 10 year yields bonds are comfortably back below 1.70%.
Nothing exciting on the calendar today (except quad-witching).
Oil - What happened?
This was the narrative:
Oil hits skids, drops 7% on worsening
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