Citing sources familiar with talks, Bloomberg on Friday reported that the United States (US) and China have reached a partial trade deal. Although there is no official confirmation of this development, the market seems to be reacting positively. "As part of the agreement with the US, China will agree to some agricultural concessions and the US will provide some tariff relief," Bloomberg added.
Wall Street's main indexes gained traction in the last minutes and the Nasdaq Composite was last up 1.8% while the Dow Jones Industrial Average and the S&P 500 were adding 1.4%. Furthermore, the 10-year US Treasury bond yield was adding 4.6%.
Markets are now waiting for the US Treasury Secretary Mnuchin's press conference at 17:45 GMT.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.