London (CNN Business) 1. G20 approaches: US President Donald Trump arrives Thursday in Osaka, Japan — setting the stage for a high stakes weekend of trade talks and diplomacy.

Trump's meeting with Chinese President Xi Jinping on the sidelines of the G20 summit is highly anticipated, though it's unclear if the two leaders will be able to reach a truce on trade when they meet Saturday.

Trump said Wednesday that while a deal is possible, he'd be willing to impose substantial additional tariffs if no progress is made.

Markets could be jumpy the rest of the week as they wait for news.

2. Earnings time: Shares of H&M jumped 10% Thursday on signs that that the Swedish clothing retailer's turnaround plans are starting to pay off.

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