Xi and Trump are set for APEC talks, but the major deliverables are expected to wait for G20. Low expectations for this meeting mean no near-term catalyst for risk assets, so the tape stays headline-d

What happened: Donald Trump and Xi Jinping are set to meet again at next week's Apec summit, their third meeting this year after state visits in May and September. They are also expected to meet at the G20 summit in the US in December. Key numbers: Third meeting between the two leaders this year; prior state visits in May and September; G20 summit in December. Why it matters: Observers expect few tangible bilateral deliverables from the Apec talks, with major outcomes likely deferred to the G20. Global markets will be watching closely in each case.

Donald Trump and Xi Jinping are set to meet again at next week's Apec summit, their third meeting this year after state visits in May and September. They are also expected to meet at the G20 summit in the US in December.

Observers expect few tangible bilateral deliverables from the Apec talks, with major outcomes likely deferred to the G20. Global markets will be watching closely in each case.