U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing "substantial progress" in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva.

U.S. stock index futures showed little movement on Friday following a previous rally driven by a new trade deal between the U.S. and Britain. The meeting between U.S. and China representatives is also in focus.

Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.

Gold price weakens as Fed holds rates, dollar strengthens, and UK trade deal reduces safe-haven demand; key support levels now in focus.

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,

Markets have welcomed the first US trade deal since Liberation Day, although the British-American agreement is hardly a game-changer for either of the two countries. The dollar is benefiting from Trump shifting to market-appeasing mode, but likely requires more positive trade developments, especially on China, to continue recovering

"The market reaction was quick and spectacular," David Morrison, a senior market analyst at Trade Nation, wrote in a note. "It's almost as if it never happened. Although we know it did. And ...

Natalie Andrews and Max Colchester, “U.S. and U.K. Unveil Framework for Trade Deal,” May 8, 2025 If anyone deserved a good trade deal with the U.S., it was Britain. It actually runs a trade deficit with the U.

The Dow, S&P 500, and Nasdaq all rallied for a second day Thursday as the stock market focused on Trump's trade deal with the U.K.

The world's largest cryptocurrency rose alongside the overall market after President Trump unveiled a trade deal with the UK and hinted more ... and JPMorgan analyst Harlan Sur both called the reaction to Cue’s commentary “overdone.”