Expectations for progress during the impending two-day meeting in Shanghai are low, and White House economic advisor Larry Kudlow told CNBC on Friday that negotiators would "hopefully go back to where the talks left off last May."
Investors will also be awaiting the U.S. Federal Reserve's monetary policy meeting this week, with theNew British Prime Minister and Conservative Party leader Boris Johnson plans to visit Scotland on Monday after the head of the Scottish Conservatives said that she would refuse to support the U.K. leaving the European Union without a deal. The Confederation of British Industry also said on Sunday that the EU was lagging behind Britain in its preparation for a no-deal Brexit.
In corporate news, mergers and acquisitions are high on the agenda. Reuters reported on Sunday that U.S. buyout fund Blackstone Group is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group this week. The merger is expected to face a long antitrust review before it can be signed off.
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