The two countries announced a “Phase 1” agreement on Friday under which the U.S. will reduce tariffs and China will buy more U.S. farm products.
European shares eked out small gains on Tuesday as talk of progress in China-US trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
World stocks held near record highs on Thursday as some encouraging US data ensured there was no post US-China trade deal hangover for global markets.
World shares slipped on Friday as a leading index strained for a record high, with investor nerves from Asia to Europe gnawing away over how or when the United States and China can agree a truce in their damaging trade war.
G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world’s poorest countries, but said it must be revised to address shortcomings hindering its implementation.
New orders for key US-made capital goods increased more than expected in August and shipments raced to their highest level in nearly six years, suggesting a rebound in business spending on equipment was underway after a prolonged slump.
Dubai Airport Free Zone Authority (Dafza), announced the signing of a memorandum of understanding with the Federation Israeli Chambers of Commerce (FICC), to define frameworks
The 10-year swap rate on the Dirham has steadied at 1.6 per cent by the end of H1-2020, only rising to 1.9 per cent during the first week of June before falling against to 1.6 per cent by the end of the month, according to the figures of the Central Bank of the United Arab Emirates.