The U.S. stock index futures turned positive Thursday morning, after China said it wanted to resolve its long-standing trade conflict with the world's largest economy with a "calm" stance.
Around 04:00 ET, Dow futures rose 184 points, indicating a positive opener of more than 197 points. Futures for S&P and Nasdaq were both slightly higher, reversing previous losses.
Asked about the ongoing trade war with the United States, China's Ministry of Commerce on Thursday said it was against escalating trade tensions.
The comments appeared to calm investor concerns at a time when many are concerned about the prospects of a global recession.
On Wednesday, interest rates on the benchmark index lowered 30-year government bonds to a low, while the US yield curve even reversed.
The closely monitored spread between the 1
A 10-year rate below 2-year returns is seen by interest traders as an important economic downturn, marking an unusual phenomenon that bondholders receive better compensation in short term.
US bond yields fluctuated marginally above record lows Thursday morning.
On the data front, the latest weekly unemployment requirements, a second reading of GDP for the second quarter (gross domestic product) and pre-economic indicators for July are all scheduled for release at 08:30
Pending the sale of housing for July will follow a little later in the session.
In news from the company, Toronto-Dominion Bank, Best Buy and Dollar General are among some of the companies expected to report earnings before the opening clock.
Dell, Marvell Tech and Workday are scheduled to release their latest quarterly results.