In an indication of a positive start on Wall Street, the S&P 500 e-mini futures gained 0.12 per cent
The Trump administration will have to wait for a new phase of negotiations to try to achieve its goal of bringing structural reforms in China's economic and trade policies
The Phase One deal was announced earlier this month as part of a bid to end the months-long tit-for-tat trade war between the world's two largest economies
The two leaders spoke a week after their envoys sealed a "Phase 1" agreement aimed at ending an 18-month trade war that has rattled markets and raised tensions.
Trump tweeted that China "already started large scale" increases in purchases of US farm goods
The Phase 1 deal was announced last week after more than two years of on-and-off trade talks.
Under the trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese purchases
Apple Inc, among the biggest companies to benefit from the deal, rose 1.7 per cent
Emerging-market stocks and currencies had their best week since June in the five days through Friday.
The asset manager is in line with other major firms like BlackRock Inc. in saying that while it's worth sticking with risk assets into 2020, the gains will be far more limited than in 2019
China is well aware that major hurdles remain, a sentiment reflected in coverage of the deal by state-run media outlets that played down the deal while noting that it might stabilize the economy
Morgan Stanley economists expect the global economy to recover some momentum in 2020
Hong Kong has some autonomy and China has been administering it under "one country, two systems" framework over the last 22 years
Beijing has agreed to import at least $200 billion in additional US goods and services over the next two years on top of the amount it purchased in 2017.
(Reuters) - The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.
US President Donald Trump had launched the trade war with China last year demanding Beijing to reduce massive trade deficit.
The interim "Phase 1" deal, which doesn't appear to cover major US-Chinese disputes, awaits final approval from President Donald Trump
Hindustan Copper Limited climbed 4.8 per cent, followed by Vedanta Limited (4.37 per cent), Tata Steel (3.8 per cent), SAIL (3.6 per cent), and Jindal Steel (3.4 per cent)
US President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion worth of Chinese goods, scheduled to take effect on Sunday
Sterling hit an eight-month high at $1.3190, one day after reaching a 2.5-year peak versus the euro