Wall Street in focus among growing trade war concerns

US Stock Exchange futures were slightly higher Thursday morning, pairing sharp losses in the previous rise among a long-standing trade conflict between the world's two largest economies.

Dow futures indicated a positive open at more than 60 points. Futures of S & P and Nasdaq were both slightly higher.

Market focus is largely approximating the development of global trade, after a senior Chinese diplomat struck up the rhetoric against the United States in the midst of a bitter trade war that shows no sign of the end.

Chinese Foreign Minister Zhang Hanhui said Thursday that challenging trade disputes were "naked economic terrorism."

Washington and Beijing have imposed thousands of dollars on each other's goods since the beginning of 201[ads1]8, markets and sourcing business and consumer sentiment.

Investors will probably carefully monitor a flood of financial data on Thursday. The latest weekly unemployed claims and another reading of gross domestic product data are both past due around 10 am. 8:30. ET. Expected economic indicators and pending housing sales for April are set for release a little later in the session.

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