A Chinese delegation led by Vice Premier He Lifeng is due to meet U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at an undisclosed location in the city.

The South African rand was steady in early trade on Monday, as markets awaited pivotal U.S.-China trade talks set to take place later in the day that could ease tensions between the two nations. At 0621 GMT the rand traded at 17.

LONDON (Reuters) -Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains.