Nov 12, 2019

US Market | Futures Indicator: US futures edge higher as investors await Trump's trade speech

Silvia Amaro

U.S. stock index futures were slightly higher on Tuesday morning.
Around 6 a.m. ET, Dow futures indicated a positive open of about 20 points. Futures on the S&P and Nasdaq were both marginally higher.
Market players remain focused on China-U.S. trade news, amid some concerns regarding plans to sign a trade deal in the coming weeks. President Donald Trump said Friday that he had not agreed to scrap tariffs on Chinese goods. His comments followed news earlier last week, from the Chinese commerce ministry saying that both sides had agreed to cancel existing tariffs in phases.
On Tuesday, President Trump will be speaking at the Economic Club of New York where he could give clues to the status of trade talks between the U.S. and China.
Instability in Hong Kong is also on investors’ radar. Hong Kong’s main index, the Hang Seng, rose fractionally Tuesday. This, after dropping 2.5% on Monday amid further protests.
On the data front, the calendar is thin, with only the National Federation of Independent Business small business optimism survey due at 6 a.m. ET.
In corporate news, CBS, Nissan, Datadog, and DR Horton are reporting Tuesday.

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