Weak rebound after trade fears roil markets

US Stock Exchange futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world's two largest economies.

At 5:30 am ET is a positive opener of more than 120 points. Futures on S & P and Nasdaq were both higher.

Dow dropped more than 400 points at his decline in the previous session, but regained some of his losses in the last hour of trading when the Intel shares reversed to close 1.2% higher

Thursday afternoon, President Donald signaled Trump that a trade agreement with China could lift tough restrictions on the Chinese telecom boy Huawei. "If we've made a deal, I can imagine that Huawei is being included in some form of trade," Trump told the White House journalists. He also predicted a quick end to the ongoing trade tensions.

In terms of data, the calendar is thin with only durable item numbers at 8:30. ET. In the corporate news, Foot Locker is due to report before the clock.

Oil prices jumped over 1[ads1]% Friday morning after a sharp downturn Thursday on economic downturn.

Source link

Back to top button