Trade negotiations between the United States and China resume, economic data in focus

U.S .. Stock index futures were a little higher Tuesday morning, with market participants cautiously optimistic Washington and Beijing could be on the brink of a trade deal.

At around 3:35 ET, the Dow Jones Industrial Average futures increased 97 points, suggesting a positive openness of more than 99 points. The S&P 500 and the Nasdaq Composite were also relatively eye-catching.

The commerce market comes as US trade secretary Wilbur Ross told CNBC on Monday that both global forces could reach a settlement "they can live with, and it addresses all the key issues"

China's Foreign Ministry said earlier that Beijing had "good faith" to work with Washington to reach an agreement by March, but many analysts remain deeply skeptical of the likelihood that both parties will join the nsive trade deal.

At the data front, investors are likely to monitor the NFIB's small business optimism index for December at 6 am ET The latest monthly job search and employee turnover survey (JOLTS) and November fiscal data for will be published later in the session.

At the same time, President Donald Trump announced plans to deliver a prime address to the nation on Tuesday night. The broad public appeal is expected to focus on standoff over his proposed border wall that has knocked down large pieces of the federal government.

On Monday, Dow finished nearly 1[ads1]00 points higher and expanded a recent recovery on Wall Street. S & P and Nasdaq have also advanced around 1 percent in the previous session.

Risk appetite in financial markets received a significant increase at the end of the previous trading week, following stronger than expected US job data and bad comments from Federal Reserve Chairman Jerome Powell.

In an effort to ease market concerns to slow down growth in the world's largest economy on Friday, Powell said the US central bank would be "patient" and flexible with monetary policy decisions this year.

Source link

Back to top button

mahjong slot