"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
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
Stocks are poised for double digit growth in 2019 — and could potentially jump as high as 17 percent, Wall Street strategist Tom Lee said Friday.
"The buy the dip, which people thought died last year, is back," the Fundstrat Global Advisors co-founder and head of research said on CNBC's "Fast Money: Half Time Report."
"The probability of a double-digit year we think is the highest since 2009," added Lee, who is also the firm's head of research.
In his latest investor note released Friday morning, Lee predicted the S&P 500 would hit 2,835 by the end of the year. That would be a 13 percent increase from where the index finished 2018.
Lee acknowledged in his note that "contrarians were slaughtered" last year. In mid-December, after a late-year collapse in stocks, he told CNBC there was still time for the S&P 500 to catch a 10 percent rally going into 2019.
However, the stock market actually fell further into the red, with the S&P 500 hitting a 2018 low of 2,346 during the Dec. 26 trading session. Since that intraday low, the S&P 500 has gained more than 10 percent based on Wednesday's close. The index was up 3.5 percent year-to-date.
"The crash of 2018 mirrors the mid-life crisis seen during the middle of bull markets a la 1962 and 1987," Lee said in his note. In both those cases, he argued, the bull market found its footing at the 200-week moving average, which currently is "2,350 or so" on the S&P 500.
"Is a retest in 2019 possible? Yes, but if so, we would view that as a buying opportunity," he wrote.