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The pound sterling reached its highest level in seven weeks against the dollar on Friday as fears of a Brexit without agreement dwindled.
Stock markets gained support after China announced that some US agricultural products, including pork and soybeans, would be exempt from additional tariffs in anticipation of the October trade talks between Beijing and Washington.
After flirting with new records, US equities plunged investors in expectation of next week's Federal Reserve monetary policy meeting, which is expected to lead to second interest rate cuts of the year.
Adam Sarhan, of 50 Park Investments, told AFP that the moderate negotiations of the day were "normal, healthy action after a big rally".
"This is the ideal place for the market to pause before trying to reach new heights," he said.
The Beijing Trade Announcement is the latest in a new series of conciliation measures between the world's two largest economies, which, for a year, have been plunged into a fierce trade war that has resulted in equal customs duties for hundreds of billions of dollars in bilateral trade. .
– "The most terrible example" –
In foreign currencies, the British pound was at the center of concerns after the British currency reached its highest level since the end of July.
The book "is strengthened … because traders are less afraid of the possibility of a Brexit without a transaction," said David Madden, an analyst at CMC Markets UK.
Parliament passed a law earlier this month aimed at preventing a Brexit without an agreement, but Prime Minister Boris Johnson is adamant: Britain will still leave the EU on schedule by 31 October, with or without a withdrawal agreement.
British House of Commons Speaker John Bercow said that disobeying the law "would be the most terrible example to give to the rest of society".
In a speech on Thursday in London, Bercow warned that if the government was about to do so, Parliament "would want to cut that possibility and do it with force."
– No big bazooka –
In the equity markets, all major European indices ended the day higher, while Wall Street saw a split after a long recovery this week.
The Dow benchmark posted its eighth consecutive positive close, the longest winning streak ever since more than a year.
Shares rose in Asia after the European Central Bank (ECB) on Thursday unveiled a new round of economic stimulus and a further cut in interest rates.
AFP / PHILIPPE HUGUENThe euro held up well against the dollar after briefly plunging in response to the European Central Bank's stimulus announcementThe ECB has announced that it will relaunch its bond purchase program to increase liquidity, provide support to troubled banks and reduce borrowing costs deeper into negative territory in order to revive the loans.
"In the end, it was not a big bazooka, but ECB President Mario Draghi did his best to convince investors that monetary policy will remain extremely accommodative for a long time to come," said Gavin Friend. , Senior Market Strategist at Australian National Bank.
– Key figures around 20:30 GMT –
Pound / dollar: up to 1.2496 USD against 1.2337 USD at 20.30 GMT
Euro / Pound: DOWN to 88.66 pence from 89.67 pence
Euro / dollar: up to $ 1,1078 from $ 1,1064
Dollar / yen: FLAT at 108.11 yen
New York – Dow: 0.1% increase to 27,219.52 (closing)
New York – S & P 500: Decrease of 0.1% to 3,007.39 (closing)
New York – Nasdaq: down 0.2% to 8,176.71 (closing)
London – FTSE 100: up 0.3% to 7,367.46 points (closing)
Frankfurt – DAX 30: 0.5% rise to 12,468.53 (closing)
Paris – CAC 40: 0.2% increase to 5,655.46 (closing)
EURO STOXX 50: 0.3% increase to 3,550.11 (close)
Tokyo – Nikkei 225: up 1.1% to 21,988.29 (closing)
Hong Kong – Hang Seng: 1.0% increase to 27,352.69 (closing)
Shanghai – Composite: Closed for holidays
Brent from the North Sea: 16 cents to 60.22 dollars a barrel
West Texas Intermediate: 24 cents to 54.85 dollars a barrel
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