"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump...US Marketsread more
Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
European stock markets closed the session at three-month highs on Friday afternoon with traders reacting to comments from central bankers in the euro zone and the U.S.
The pan-European STOXX 600 closed provisionally higher at 0.22 percent completed its best week for a month. The FTSEurofirst 300 Index, meanwhile, finished near at its highest levels since August. The German DAX traded above its 200-day level of 11,092.40 on Friday, and closed above that level for the first time since August 13.
The Dax was up around 3.9 percent for the week and tracked its best week since the week ending October 23 when the DAX gained 6.83 percent. France's CAC 40 finished up around 2.24 percent for the week and tracked its best week since the week ending October 23 when it gained 4.7 percent.
Traders are coming to terms with the possibility that the U.S. Federal Reserve will hike interest rates in December. But in Europe, policymakers are talking about further easing measures. The ECB's chief economist, Peter Praet, signaled on Thursday that further stimulus measures could be possible, while the central bank's president Mario Draghi struck a dovish tone in a speech he delivered on Friday morning.
Meanwhile, in Mali, special forces have stormed a luxury hotel captured by gunmen in the capital Bamako Friday in a bid to release up to 170 hostages, some of them believed to be American, a senior police source and witnesses told Reuters.
In other news, Swedish mining equipment maker Atlas Copco announced that it would buy the vacuum business of Swiss firm OC Oerlikon for 486 million euros ($520 million). Shares of OC Oerlikon closed higher by 6 percent.
In Europe, embattled carmaker Volkswagen said it was cutting its capital expenditure next year but was ramping up investment in alternative technologies. Shares of the firm finished up 2.4 percent.
The oil and gas sector was in focus for investors. Italian oil firm Eni sold its remaining 4 percent stake in Portugal's Galp for $348 million sending shares over 5 percent lower.
London-listed Tullow Oil finished sharply lower after Goldman Sachs removed the stock from its "focus list". Other names in the sector including Repsol and Petrofac were also lower. The moves also come as the price of Brent Crude rose on Friday.