US to announce China trade deal on Friday, sources say - Bloomberg

Omkar Godbole FXStreet Contributor

The US will announce a trade deal in Washington on Friday, sources close to the matter told Bloomberg.

President Trump on Thursday tweeted Washington was “very close” to a trade deal with Beijing. Trade optimism put a bid under the risk assets, lifting the US stocks to record highs.

The Dow Jones Industrial Average (DJIA) clocked a lifetime high of 28,224 before closing the day with 0.79% gains at 28,132.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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