Chinese and US trade officials resumed bargaining efforts on Friday as optimism grew for the two sides to reach an interim agreement and mark a pause in their increasingly damaging trade war.
Wall Street was poised to rally at the open as investors bet a partial pact would see President Donald Trump postpone next week's scheduled tariff increases on hundreds of billions of dollars in Chinese imports.
Trump was expected to meet with Beijing's top trade envoy Liu He later Friday in a sign the two sides likely expect to make a positive announcement.
The president told reporters on Thursday the talks had so far gone "very well." Overnight, meanwhile, China's securities regulators set a timetable for removing foreign ownership limits in finance companies in 2020 -- helping attract foreign investment as China's economy slows but also removing constraints on foreign capital.
In Beijing, Foreign Ministry Spokesman Geng Shuang told reporters that China hoped "to promote positive progress" in the talks.
