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Wall Street Weekahead: Trump-Xi trade armistice clears way for more market gains

Reuters  |  NEW YORK 

By Jonathan Spicer and Lewis KrauskopfNEW YORK (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 ...

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First Published: Mon, December 03 2018. 09:19 IST