ASX 200 live: Macquarie profit meets estimate, CEO pay boost; UK trade deal done, focus shifts to China

Macquarie's annual profit has investors on a tear, while QBE is also winning on its premium growth update. Nine and takeover target Domain are higher after locking in a deal with CoStar.  US-China trade talks are in focus, following the UK deal.

US President Donald Trump and Chinese President Xi Jinping have not spoken after sweeping US tariffs and counter China duties were announced by both nations in April. Pictures: Charly Triballeau/Elvis Barukcic/AFP

Welcome to the Trading Day blog for Friday, May 9. The ASX 200 index is up 0.3 per cent to 8219 points at noon AEST - despite slight falls in US futures - before a US-China trade meeting in Switzerland. Tech, financials and energy gains are offset by mining and property falls.

Wall Street's three main indexes closed higher with the S&P 500 and Dow Jones lifting 0.6 per cent, respectively. The technology-focused Nasdaq rose 1.1 per cent. This was after US and UK signed a tariff framework deal, ahead of US-China talks on the weekend.

Cryptocurrency giant bitcoin has topped $US100,000 for the first time in three months, currently trading just below $103,000.

The Aussie dollar is trading around US63.94c.

Originally published as ASX 200 live: Macquarie profit meets estimate, CEO pay boost; UK trade deal done, focus shifts to China