Sources: US tariff increase to go ahead at 12.01am Friday 10 May 2019 (Risk hit, Yen rebounds)

With the US-China trade talks expected to extend beyond the tariffs hike deadline, Bloomberg quotes two people familiar with matter, as saying that the US tariff increase to go ahead at 12.01am Friday 10 May 2019.

The sources also said that the much touted Trump - Xi phone call is nowhere to be seen.