The stock market pretty much yawned at that. The Nasdaq Composite advanced 0.5%. A Bloomberg gauge of the US currency was 0.4% lower, heading for the biggest weekly drop since October, as the pound rose.
"The outcome of US-China trade talks will be a key determinant of the trajectory for 2020 growth". Investors poured into equities and sold out of government bonds on speculation that prospects for corporate profits and economic growth were brightened by the developments.
The resounding victory for Johnson should clear the way for him to carry out his plan to take the United Kingdom out of the 28-nation European Union by the end of January. Advocates of delaying the tariff increase have argued that continued negotiations with Beijing will enable him to maintain a tough line with China without inflicting the economic damage that more import taxes might bring. That followed a The U.K.'s FTSE 250 index touched a record.
The gauge rose 4.5% for the week, its best weekly performance since June.
Beijing has said it would retaliate if the U.S. escalates the trade dispute. "In particular, worldwide investors".
Advancing issues outnumbered decliners by a 2.95-to-1 ratio on the NYSE and by a 2.85-to-1 ratio on the Nasdaq. The yield on the 10-year Treasury jumped to 1.90% from 1.79% late Wednesday.
The Bombay Stock Exchange's benchmark Sensex was trading 336 points higher at 40,910 levels.
The particulars of the agreement are still coming in at this point.
The advances in U.S. A spokesman gave no indication whether the trade talks were making progress. USA crude gained 0.3%. Trump's Agriculture Secretary Sonny Perdue said earlier this week that the tariffs are unlikely to be implemented.
The comments were China's first response to a deal signed off by Trump on Thursday that would halt higher tariffs planned for December 15 and represent the first phase in defusing the trade war that's shaken the global economy.
U.S. President Donald Trump congratulated Johnson. A foreign ministry spokeswoman, speaking at a briefing, didn't confirm the existence of a deal.
Uncertainty over trade has been the biggest wildcard for stocks this year.
In other precious metals, palladium extended its rally to an all-time high, having exceeded gold's record set in 2011 earlier this week.
The central bank signaled no immediate appetite for rate hikes, removing the fear of tightening monetary policy among investors, noted experts.
The Stoxx Europe 600 has risen 22% this year, while indexes in mainland China, Japan and Taiwan are up by double-digit percentages.
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