The meeting between Presidents Donald Trump and Xi Jinping may have calmed tensions between the U.S. and China but did not achieve any breakthroughs, Reuters reported Thursday, citing remarks by United Nations Secretary-General Antonio Guterres to the press.

The underwhelming impact of the Beijing summit could raise the stakes for Xi's visit to Washington in September, the report siad.

"Let's be clear, no major breakthrough was achieved and so the visit of President Xi to Washington ​gains an enormous importance," Reuters quoted Guterres as saying.

Xi's visit to the U.S. in September will coincide with the UN General Assembly and could mark the first time since 2015 that the Chinese leader would speak, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)