Weekly

China and the United States have traded blows over the new pneumonia outbreak and the Hong Kong issue. It emerged that Chinese government officials had instructed major state-owned trading companies to suspend imports of some U.S. agricultural products.

But U.S. soybean exporters sold several cargoes of soybeans to Chinese state-owned buyers, people familiar with the matter said, meaning some of the trade continues.

In Beijing, the foreign ministry was asked how it would respond to the report on the suspension of us agricultural products. He said he was not aware of what the reporter said, adding that China's position on china-us economic and trade issues was consistent and clear.

The chairman of the us senate finance committee is also unconvinced that China will not honour the first phase of the trade agreement between the two countries. The agreement has temporarily eased tensions.

Russia is an old hand at pushing back against President trump's proposal to expand the size of the group of seven (g7) summit and try to draw Russia in to contain China.

The Russian foreign ministry said its participation could not guarantee the summit's full representation, adding that Russian involvement could raise more questions than answers. Neither refuse nor accept.

U.S. stocks rose amid massive demonstrations in the United States, but markets remained focused on measures to lift the embargo, restart the economy and signs of recovery, and china-u.s. relations have yet to deteriorate further.

The dow closed near its highest level of the day, up 1% at 25,742. Oil prices rose to their highest level in about three months. Markets are anticipating a meeting of the organization of petroleum exporting countries and its Allies this week,

Will agree to extend the output reduction agreement until July or August; In addition, economic restarts around the world are expected to lead to increased demand, which is good for oil prices.

Separately, the American petroleum institute said U.S. crude inventories fell 483,000 barrels last week, compared with market estimates of a 3 million barrel increase. Futures closed at $36.81 a barrel in New York, up about 4 percent.

In a sign of investor optimism, the dollar index and gold prices fell, with gold prices continuing to retreat, closing down 1 percent at $1,733 an ounce in New York

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