The world’s second-largest economy grew by 6.1% in 2019, its slowest expansion in 29 years, Chinese growth figures showed on Friday.

After more than 18 months of back-and-forth tariffs, tough negotiations and economic damage, an initial US-China trade deal is official.

While the Trade deal signing will put an end to months of tit-for-tat tariff war between the world’s two biggest economies, investors remain cautious.

U.S. consumer prices rose slightly in December and monthly underlying inflation pressures retreated.  

With the United States and Iran backing away from further military confrontation, traders will focus on the expected signing of a Phase 1 trade deal.