By Nell Mackenzie and Rocky Swift LONDON/TOKYO (Reuters) -Wall Street index futures hovered a touch higher while the dollar pared recent gains at the outset of London talks meant to mend a trade rift between the United States and China.

Futures on Wall Street are trading with modest loses ahead of important talks on the trade front and some inflation data that will be reported over the close of the week. Futures on the Dow Jones are trading with losses of 70 points,

S&P 500 futures traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.