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Home / Business / Dow futures point downward as investors monitor US-China trade

Dow futures point downward as investors monitor US-China trade



U.S. stock index futures rose higher Friday morning after Thursday's record low for the Dow Jones Industrial Average.

Around 06:00 ET, Dow futures indicated a positive opening of more than 30 points. Futures at S&P and Nasdaq both changed little.

Stocks rose to a record high on Thursday after the world's two largest economies reportedly agreed to remove existing trade tariff rates, triggering a huge rotation in equities and out of bonds.

closely follows news on China and the US trade front after a spokesman for the Chinese Ministry of Commerce said that both sides had agreed to cancel existing tariffs in phases.

Furthermore, data released Friday morning showed that Chinese exports and imports fell less than expected in October, according to Reuters.

Meanwhile, President of the European Commission, Jean-Claude Juncker, said there will be "no car tariffs" from the United States for Europe next week. US President Donald Trump has until November 1

3 to decide whether he will bet on car tariffs for the EU.

Data, Revenue

On the data front, figures for consumer sentiment should be released at 10 PM ET, as well as wholesale trade numbers.

In company news, Allianz, Duke Energy and Honda Motor are set to report earnings before the opening clock.


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