U.S. stock futures pointed to a higher start on Monday, lifted by encouraging comments from President Donald Trump and other trade talks officials, along with a move from China this weekend to reduce corporate loan costs.
Report that Germany may also consider stimulus measures that underpin gains for European equities.
How are the most important benchmarks going?
Dow Jones Industrial Average Futures
YMU19, + 1.05%
rose 305 points, or 1
ESU19, + 1.02%
added 34 points, or 1.2%, to 2 925.50 and Nasdaq-100 futures
NQU19, + 1.23%
rose 105.25 points, or 1.4%, to 7,716.50.
On Friday, Dow Jones Industrial Average
DJIA, + 1.20%
rose 306.62 points, or 1.2%, to 25,886.01, while the S&P 500 index
SPX, + 1.44%
added 41.08 points, or 1.44%, to 2,888.68. Nasdaq Composite Index
COMP, + 1.67%
got 129.38 points, or 1.67%, to 7,895.99.
Dow has fallen for three consecutive weeks, losing 401.43 points or 1.53% last week. The S&P 500 index ended the week with 1.03% for a third week fall.
What is driving the market?
Global trade and stimulus hopes provided driving gains for US stock futures and Europe and Asian stocks on Monday. U.S. President Donald Trump played down fears of fear on Sunday in comments to journalists, while his top economic adviser Larry Kudlow repeated those comments in appearances on the talk shows on Sunday.
Kudlow predicted strong performance in the second half for the US economy and told Fox News on Sunday that the administration "looked at" a 10% tax cut for middle-income revenues suggested by Trump ahead of the 2018 election.
Meanwhile, trade advisers said in the White House, Peter Navarro, said there was a "certainty" that the United States will have a "strong economy through 2020 and beyond with a beef market," thanks to stimulus from major economies and "the largest trade deal ever in history." also that "the Fed will lower prices" as part of the global stimulus press.
"Investors appeared to take Trump's claim that the US & # 39; s doing tremendously well & # 39; along with his assurances that Washington and China continue to talk trade," Connor Cambell, a market analyst with Spreadex, wrote in a Monday Note.
AAPL, + 2.36%
CEO Tim Cook warned Trump at noon Friday that tariffs could hurt his company and give rivals an advantage Trump said that Cook "came up with a very compelling argument, so I think about it."
Elsewhere, investors in Asia cheered a move from the People's Bank of China to reform interest rates, with the goal of lowering interest rates And European stocks got a boost after German Finance Minister Olaf Scholz this weekend suggested that the government could provide $ 55 billion in stimulus if needed.
Which stocks are in focus?
Shares in Apple rose 1.6% in the premarket action, one of the most-traded shares in foreign trade.
Estée Lauder Cos .
EL, + 2.16%
share rose 4.7% before Monday, after issuing tax revenue in the fourth quarter.
US Shares in Weibo Corp .
WB, + 4.86%
fell 5.6% in premarket trading after the Beijing-based social media company reported profits and revenues in the second quarter that beat expectations.
How do other markets trade?
Stocks closed higher in Asia, with China's CSI 300 index closing 2.1% and Hong Kong's Hang Seng index
HSI, + 2.17%
and added to 2.2%. Japan's Nikkei 225 rose 0.7%.
In Europe, shares were on the rise, with the pan-European Stoxx Europe 600
SXXP, + 1.10%
In commodity markets, the price of crude oil
CLU19, + 0.44%
was up 0.7% to $ 55.25 per barrel, and gold
fell 0.9 to about $ 1510 per ounce.
ICE U.S. dollar index
DXY, + 0.06% ,
meanwhile, 0.1% increased