Investing.com – U.S. Futures were mixed on Friday ahead of key data on the health of the U.S. economy, as optimism about trade progress between Washington and Beijing was offset by signs of shrinking factory activity in China and Europe.
US. President Donald Trump said he could meet Chinese President Xi Jinping soon to seal a deal ahead of the March 1 trade deadline. The news was offset by the fact that the global impact of the trade between the two largest economies is still taking its toll, with the / Markit index of Chinese manufacturing falling to its lowest since February 201
The fell 1 point or 0.05 % as of 6:41 AM ET (11:41 GMT) while resolving 31 points, or 0.13%. Meanwhile tech-heavy decreased 31 points, or 0.46%.
Investors will pay close attention to the US jobs data later in the day for any indication that the American economy has been impacted, with signs of slowing economic growth in Europe and China.
“Our view that the sell-off in Q4 2018, particularly in December, was an intra -cycle dip rather than the beginning of the end, but Friday's data will have a significant bearing on where we go from here, ”Felipe Villarroel, portfolio manager at Zurich-based fund manager Vontobel, wrote in a note. 19659004] The US is released at 8:30 AM ET (13:30 GMT), followed by the University of Michigan at 10:00 AM ET (15:00 GMT).
Amazon (NASDAQ 🙂 slumped 4.5% in premarket trading after its revenue guidance was short of estimates. Semiconductor company Micron (NASDAQ 🙂 dipped 0.8% while PayPal Holdings Inc. (NASDAQ 🙂 was down 0.7%.
Elsewhere Symantec Corp (NASDAQ 🙂 jumped 8% after its Earnings came in higher than expected, while Southwestern Energy Company (NYSE 🙂 rose 1.6% and Apple (NASDAQ 🙂 inched up 0.2%.
In other earnings news, oil majors Chevron (NYSE 🙂 and Exxon (NYSE) are expected to report before the opening bell, among others.
A commodities rose 0.06% to $ 1,325.95 a troy ounce, while decreased 0.20% to $ 53.68 a barrel. The, which measures the greenback against a basket of six major currencies, was down 0.11% to 95,197.
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