South African rand firms on U.S.-China trade optimism
JOHANNESBURG, Nov 13 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Tuesday, in line with arise in stocks, as hopes of a de-escalation in the Sino-U.S.tariff war rose on reports that China's top trade negotiator waspreparing to visit the United States ahead of a meeting betweenthe leaders of two countries.
* At 0645 GMT, the rand traded at 14.3850 perdollar,0.57 percent firmer, having closed in New York at 14.4675.
* The South China Morning Post reported that Liu He mayvisitWashington as part of the preparations for the talks betweenU.S. President Donald Trump and his Chinese counterpart XiJinping on the sidelines of the G20 summit in Argentina laterthis month.
* Investor sentiment had been dented by the escalating tradespatbetween the United States and China, as focus turns to thismonth's Trump-Xi meeting.
* Government bonds were weaker early on Tuesday, with theyield onthe benchmark instrument due in 2026 up 0.5 basispoints at 9.230 percent.
* Stocks were set to open higher at 0700 GMT, with the JSEsecurities exchange's Top-40 futures index up 0.23percent.
(Reporting by Nomvelo Chalumbira; Editing by Subhranshu Sahu)
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