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Mar 28, 2019

US Future Indications | Dow futures edge up as investors focus on China trade talks

Silvia Amaro

U.S. stock index futures were little changed Thursday, amid talks of progress in the contentious trade talks between the U.S. and China.
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.
Market participants are also likely to closely monitor a flurry of speeches from policymakers at the U.S. central bank. Philadelphia Fed President Patrick Harker, Atlanta Fed President Raphael Bostic, New York Fed President John Williams, and Fed Vice Chair for Supervision Randal Quarles are all set to comment on the world’s largest economy at separate events on Thursday.
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.

Source: CNBC

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