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Wall Street weak ahead: Trump-Xi talks makes way for more market gains

Energy prices could also rebound on Monday since cooling trade tensions could boost the world economy and spur demand

Donald Trump, Xi Jinping
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The meeting in Washington comes weeks before US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping on the sidelines of the G20 summit | File Photo: Reuters

Reuters
One of the darkest clouds hanging over Wall Street somewhat dissipated on the weekend when China and the United States agreed to shelve any new tariffs and reset discussions, at least temporarily halting an increase in their tensions over trade.
 
Investors said the agreement, lasting 90 days, between Chinese President Xi Jinping and U.S. President Donald Trump at the G20 summit spelled a reprieve for stocks and could pave the way for a positive bookend to a volatile trading year.
 
U.S. stock index futures jumped as trading for the week began late on Sunday, with benchmark S&P 500 e-mini futures