Stocks – U.S. Futures Rise as China Expresses Hope of Trade Progress – Investing.com

0
42
views
Stocks - U.S. Futures Rise as China Expresses Hope of Trade Progress - Investing.com



Investing.com – U.S. futures pointed to an upbeat opening bell as investors turned their focus to a fresh round of trade talks between the U.S. and China.

Meetings kick off on Monday, with higher-level talks taking place Thursday and Friday.

Washington and Beijing officials are trying to make a deal ahead of the March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are due to increase from 10% to 25%.

Chinese officials issued upbeat statements at the weekend, but U.S. President Donald Trump’s comments last week that he probably wouldn’t meet with counterpart Xi Jinping ahead of the March deadline are still setting the tone.

The rose 6 points or 0.24% as of 6:41 AM ET (11:41 GMT) while gained 62 points or 0.25% and tech-heavy increased 22 points or 0.33%.

Tesla (NASDAQ:) rose 2.5% in premarket trading, while General Electric (NYSE:) increased 1% and Coca-Cola Company (NYSE:) inched up 0.4%. Twitter gained 1.2% and Netflix (NASDAQ:) was up 0.75% after its film “Roma” won best film and best director in the Bafta Awards in London on Sunday, increasing its chance of an Oscar.

Electronic Arts (NASDAQ:) jumped 2.4% on the back of Friday’s announcement that its game “Apex Legends” attracted 10 million players in 72 hours.

Elsewhere, Overstock.com Inc (NASDAQ:) fell 4% and semiconductor company Micron (NASDAQ:) slipped 1.37%.

Meanwhile, political tensions will be in focus as Democratic and Republican lawmakers struggle over immigration policy as they try to avert another U.S. government shutdown this month.

It is also the last big week of earnings, with results from Lowe’s (NYSE:) Corp., Chegg (NYSE:) and others on Monday.

In commodities, slipped 0.55% $1,311.25 a troy ounce, while fell 0.72% to $52.34 a barrel. The , which measures the greenback against a basket of six major currencies, rose 0.11% to a two-month high of 96.523.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

Original Post Source link