Campbell Soup Co on Friday reported better-than-expected fourth-quarter profit and margins as the food company sold more soups and snacks, tightened up its supply chain and cut costs, sending shares up more than 8%.
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World stocks climbed to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China's yuan softening again, on track for its weakest month in 2-1/2 decades.
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China said its trade dispute with the United States would not affect the Asian nation's pork supply, state-television reported on Friday, citing an official at the agriculture ministry.
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
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U.S. stocks opened broadly higher on Friday as investors took comfort from signals that the United States and China will resume trade talks, easing worries about further damage from their long-standing trade war that has roiled financial markets.
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Sunrise Communications' proposed takeover of Liberty Global's Swiss UPC business faces a revolt with at least two big investors joining top shareholder Freenet in opposing the 6.3 billion Swiss franc ($6.46 billion) deal, sources said.
Oil prices gave back some of their recent gains on Friday, but were still headed for the biggest weekly increase since early July, boosted by an easing of China-U.S. trade rhetoric, a decline in U.S stockpiles and a looming hurricane in Florida.
U.S. stocks index futures rose on Friday, as investors took comfort from signals that the United States and China will resume trade talks.
China will exempt Tesla Inc's electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.
U.S. food company Campbell Soup Co reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell.
U.S. President Donald Trump, who is engaged in a trade war with Beijing, said on Friday that American automaker General Motors had opened major plants in China before he took office and should begin moving its operations back to the United States.