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World shares subdued after signing of China-US trade pact

Jan 16, 2020 - Associated Press

BANGKOK (AP) - Global markets were subdued Thursday after the signing of a preliminary China-U.S. trade agreement that investors hope will bring better relations between the world's two biggest economies.

After Asian markets largely closed higher, Germany's DAX was down 0.1% to 13,418. The CAC 40 in Paris shed 0.1% to 6,027, while Britain's FTSE 100 dropped 0.4% to 7,609.

Wall Street looked set for small gains, with the future contracts for the S&P 500 and the Dow both rising 0.3%.

U.S. President Donald Trump and China's chief negotiator, Liu He, signed the "Phase 1" deal on Wednesday before a group of corporate executives and reporters at the White House. The pact eases some sanctions on China. In return, Beijing has agreed to step up its purchases of U.S. farm products and other g...