Rio Tinto’s surprise CEO hunt

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  Good morning from the Financial Times.

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  Today is Wednesday, May 28th, and this is your FT News Briefing.

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  U.S. stocks came out of a long weekend with some pep in their step,

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  and Asian currencies are having a party of their own.

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  Plus, Rio Tinto is on a surprise hunt for a new CEO.

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  I'm Mark Filippino, and here's the news you need to start your day.

• 01:01

  Investors on Wall Street got excited by some trade news yesterday.

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  The S&P 500 ended the day up a little bit more than 2%,

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  and the Nasdaq rose by nearly 2.5%. U.S. stocks rallied after President Donald Trump said trade talks with the European Union were moving in a positive direction and that the bloc had called to quickly establish meeting dates.

• 01:23

  Over the weekend, Trump agreed to delay 50% tariffs on the EU until July 9th.

• 01:29

  European equities also got a bump from all this tariff news.

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