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A report from earlier came from The Times, writing that three American B-2 stealth bombers have arrived in the Indian Ocean island of Diego Garcia on the eve of Chinese live-firing naval exercises north of Taiwan.

Lead paragraphs

It is the first time the nuclear-capable strategic bombers have been sent to the remote island since 2016, in an indication of the growing concern about China’s intentions towards Taiwan.

The bombers flew across the Pacific from Whiteman air force base in Missouri to land at Diego Garcia, part of the British Indian Ocean Territory. With their advanced stealth technology, the B-2s can penetrate enemy territory without alerting air-defence radars.

The US has been increasing its presence recently in the Indo-Pacific region as tension rises in Washington over China’s stance towards Taiwan and disputed islands in South China

Market implications

These are not so encouraging headlines ahead of the formal high-level review on the US-China trade deal due on Saturday.