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KATIE MARTIN: From the FT in London, here's the latest on markets. The trump trade is back on, kind of. Stocks are back on the up again around the world, led by a fresh record close in the U.S. Benchmark, the S&P 500, overnight. That's once again raised the prospect that the Dow's stock average could reach 20,000 for the first time, having got tantalisingly close several times in the opening days of this year.
The pick up follows a meeting yesterday between the new U.S. president and a clutch of vehicle makers, with a slight shift in tone away from protectionism and towards fostering business growth, albeit with little focus on the environment.
The positive vibes are feeding through to European markets too. One market not exactly enjoying the fun is Mexico, where some have been waiting for the time to pounce back on positive bets on the peso. They're frustrated today as the currency finds itself under the [INAUDIBLE] after Trump reiterated his plan to build a wall.
Elsewhere, the Turkish lire is once again sinking after the central bank shied away from the stiff rate hike medicine needed to prop it up again. While sterling is making a rare break higher, reaching the strongest point in six weeks.
