China's Commerce Ministry says it is evaluating the possibility of trade talks with the US, following senior US officials' expressions of willingness to talk about tariffs. They urge the US to show "sincerity" towards China,

Oil prices climbed on Friday after China said it was open for talks with the United States on tariffs, raising hopes of a de-escalation in a bitter trade war between the world's two largest economies and oil consumers.

Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks. Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.