While the manufacturing index indicated sector growth, the new orders index remained below 50, signalling ongoing weakness despite some improvement

Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.

Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.

Trump's former ambassador to Vietnam highlighted the main reason China may hesitate to strike a trade deal with the U.S.

President Donald Trump sought to calm markets late Friday after upsetting them earlier with tough talk on China, saying he hoped to speak with Xi Jinping.

JP Morgan Chase CEO Jamie Dimon urged the U.S. to prioritize internal improvements over fixating on China as an adversary. He emphasized that America's challenges lie within its borders, calling for reforms in various sectors to unlock economic growth.

Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,

Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,