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Asian shares pulled ahead to fresh 4-1/2-month highs and U.S. equity futures rose on a Reuters report that the United States and China have started to tackle the stickiest issues in their trade war.
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Australian dollar falls on economic outlook and report of China coal ban
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Asian stocks rise after report of outline to end U.S.-China trade war MarketWatchAsian stocks change little ahead of more US-China talks ABC NewsView full coverage on Google News
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U.S. and Chinese negotiators have begun to outline a deal to end the trade war between the world's two largest economies, Reuters reported Wednesday night. Citing sources familiar with the ongoing negotiations, Reuters said agreements in principle are being drawn up on six key areas: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade. The report suggested the outline is the most significant progress made so far after months of trade talks. The progress began in earnest last week during talks in Beijing, Reuters reported, and carried on in Washington this week. On Tuesday, President Donald Trump suggested the March 1 deadline before the U.S. raises tariffs again is "not a magical date," and reports said the deadline may be extended, with the potential for a final deal to be signed at a summit between Trump and China's President Xi Jinping next month.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Asian stock markets shook off early doldrums Thursday following a report that U.S. and Chinese negotiators were outlining a plan to end the trade war.
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Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks.
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U.S. stocks trade sideways, with investors keeping an eye on U.S.-China trade talks in Washington while awaiting the release of minutes from the Federal Reserve's January policy meeting for further insights into the central bank's surprise flip to wait-and-see mode on rates.
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Defence minister reflects regional fears over balancing Beijing and Washington links
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Keeping Huawei Hardware Out of the U.S. Is Not Enough to Secure 5G LawfareHuawei Risks to Britain Can Be Blunted, U.K. Official Says, in a Rebuff to U.S. The New York TimesThe UK would be 'irresponsible' to let Huawei into 5G, think tank warns CNNWhy the U.S. and China Can't Make a Deal BloombergWhat's behind Chinese telecom Huawei's espionage allegations? CBS NewsView full coverage on Google News
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Despite their sharp differences in style, background and policies, Chinese leader Xi Jinping and President Trump share a common problem: growing concerns on the home front that they are going to cave in to the other side.
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