Investors in the U.S. awoke to optimistic reports of progress in all areas under discussion in U.S.-China trade talks, with what Reuters called unprecedented movement on the touchy issue of forced technology transfers, U.S. officials said.
At around 7:10 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 20 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to marginal gains.
Wall Street’s main indexes ended Wednesday’s session in the red on the back of further moves in the bond market. The closely watched 10-year rate hit its lowest level since December of 2017.
This comes after the same bond fell below its three-month counterpart last week — a phenomenon described as inverted yield curve. This is usually perceived as a sign that a recession could be about to erupt. Signs of a potential recession has also impact stock trades.
Investors will also be monitoring further data releases. U.S. weekly jobless claims and real growth rates data are due at 8.30 a.m. ET.