Dimon said he was "far more worried than others" about the potential for a stock market correction.

The announcement comes ahead of a meeting between China's President Xi Jinping and his US counterpart Donald Trump later this month.

Analysts point to delays in the reporting of economic data due to the US government shutdown as one reason for the rise.

Elon Musk has agreed to settle a $128m lawsuit brought by four former top executives over unpaid severance.

The EU is the destination for 78% of steel products made in the UK for overseas markets.