Key Takeaways The U.S. and U.K. announced a trade deal framework on Thursday, boosting Wall Street's hopes for more deals to come. U.S. and Chinese officials are scheduled to meet in Switzerland this weekend to hold their first talks since the beginning of a tit-for-tat trade war that White House officials have compared to an embargo.

MSCI's global equities index barely rose on Friday and the dollar lost ground as a U.S. trade deal with Britain fueled guarded optimism for U.S. tariff negotiations with China and other countries.

Shares are trading higher in Europe after a mixed session in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures rose and oil prices gained more than $1 per barrel.

President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.

U.K. trade deal should be one of the easiest — and a POLITICO-Public First poll found that American and British adults have serious doubts about Trump’s commitment to it.