Relief rally…Chinese stocks outperform after the S&P 500 posts a fifth consecutive week in the green on the back of optimism surrounding the U.S.-China phase one trade deal. Washington launches airstrikes on Iran-sponsored militias operating in Iraq and Syria following the killing of an American contractor and warns Tehran of further military action. In auto news, Tesla begins deliveries of its Chinese-built Model 3 just one year after construction of the Shanghai Gigafactory began. And Nissan has reportedly called for sweeping spending cuts as a string of executive scandals and partnership tensions with Renault weigh on sales and profit.

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