The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

United States and Chinese officials said they had agreed on a framework for a trade truce, which removed China's export restrictions on rare earths.

Chinese state media say that the U.S. and China have agreed in principle on a framework to resolve their trade disputes.

U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."

President Donald Trump and officials from China announced that they have agreed on a framework for a trade deal between the two major economic powers.

Private market funds have been underperforming, according to State Street’s latest private equity index, The Financial Times reports. The index, which tracks cash flows from private equity, private debt and venture capital funds, returned 7.08 percent last year, versus the S&P 500’s total return of 25 percent.

S&P Global Commodity Insights discusses consensus price forecasts for industrial and precious metals, including platinum group metals, amid broader market trends.

New bank lending in China rose less than expected in May after hitting a nine-month low in April, as companies and consumers remained cautious about taking on more debt despite interest rate cuts and a trade truce between Beijing and Washington.