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US Treasury Secretary Steven Mnuchin has said that senators from both parties are making progress on stimulus talks and more meetings are scheduled for later on Thursday.

The S&P 500 Index has returned to positive territory after trading lower earlier in the day. 

Mnuchin has been one of the driving forces behind trying to achieve an accord. Last week, a group of Republicans and Democrats presented a relief package worth around $908 billion, yet it has yet to receive the blessing of senior leaders in the upper chamber.