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Showing posts with the label US Futures Indications

US Futures Indication | Dow futures pop 150 points after US eases trade restrictions on Huawei

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Sam Meredith 2 minutes U.S. stock index futures were higher Tuesday morning, as market participants continue to monitor trade developments between the world’s two largest economies. At around 6:20 a.m. ET, Dow futures indicated a positive open of about 150 points. Futures on the S&P and Nasdaq were both seen higher, as well. On Monday, the U.S. government temporarily eased some trade restrictions imposed on China’s Huawei Technologies last week. The move sought to minimize disruption for the telecom company’s customers around the world. The U.S. Commerce Department said it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until August 19. The temporary easing of trade restrictions won some respite with market participants ahead of Tuesday’s opening bell. However, an increasingly fraught atmosphere between Washington and Beiji

US Futures Indications: Dow futures point to a 300-point drop after Trump warns China against retaliating in trade war

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Fred Imbert,Eustance Huang,Silvia Amaro 4 minutes U.S. stock futures pointed to sharp losses on Monday as President Donald Trump ratcheted up pressure against China to make a trade deal, intensifying tensions between the world’s largest economies. As of 7:23 a.m. ET, Dow Jones Industrial Average futures indicated a drop of about 300 points at the open. S&P 500 futures pointed to a loss of 1.2% while Nasdaq 100 futures indicated a drop of 1.6%. Trade bellwethers Caterpillar and Boeing fell more than 1% each while Apple dropped more than 2.5%. Asian markets fell broadly. The Nikkei 225 index declined 0.7% overnight while the Shanghai Composite pulled back 1.2%.  European stocks also dropped. The Stoxx 600 index fell 0.5% while the German Dax dipped 0.7%. Trump tweeted on Monday that China will be “hurt very badly if you don’t make a trade deal, ” noting that companies would be forced to leave the country without an agreemen

US Futures Indications | US futures turn lower amid trade deal standoff

Silvia Amaro 2 minutes U.S. stock index futures pointed to a slightly negative open on Wednesday, erasing earlier gains as market participants continued to monitor trade relations between the U.S. and China. At around 5:45 a.m. ET, Dow futures indicating a slightly lower open of about 30 points. Futures on the S&P and Nasdaq were nearly unchanged. Wall Street ended Tuesday’s session deep in the red on the back of comments from U.S. officials confirming higher tariffs on Chinese goods later this week. President Trump tweeted about the higher tariffs last Sunday, which sparked a global sell-off. Data released Wednesday morning in China suggested that its trade surplus in April stood at $13.84 billion , well below expectations. However, its trade surplus with the U.S. rose to $21.01 billion in April from $20.5 billion in March. Investors are also monitoring corporate earnings. Honda Motor, Toyota Motors, The New York Times, and Wen

Dow futures slightly lower after China's industrial output growth slumps to 17-year low

Sam Meredith 2 minutes U.S. stock index futures were slightly lower Thursday morning, after market participants reacted cautiously to mixed economic data from China. At around 03:30 a.m. ET, Dow futures slipped 53 points, indicating a negative open of more than 14 points. Futures on the S&P and Nasdaq were both seen little changed from the previous session . Market focus is largely attuned to economic developments, after data showed China’s industrial output expanded at its slowest rate in 17 years . The data comes as investors monitor clues about the health of China’s economy, after growth cooled to 6.6 percent last year. Retail sales and fixed asset investment in the world’s second-largest economy both came in stronger-than-anticipated on Thursday. Trade talks between Washington and Beijing also weighed on market sentiment after President Donald Trump said he was in no rush to form an agreement. Stateside, investors are likely to

US Futures IndicationsDow futures higher on hopes of a China-US trade deal

Silvia Amaro U.S. stock index futures were higher Monday morning, on the back of renewed hopes in trade talks between the U.S. and China. At around 03:30 a.m. ET, Dow futures rose 67 points, indicating a positive open of more than 72 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market players are focused on U.S.-China trade developments, amid mixed messages about the progress of talks between Washington and Beijing over the last days. The Wall Street Journal reported Sunday that China had proposed to bring down duties on certain American goods in an attempt to strike a deal with the Trump administration. The same report suggested that both countries are at the final stage of their negotiation, which could see the country’s leaders meeting at a special summit to sign a trade deal soon. Last week, the White House economic advisor, Larry Kudlow, told CNBC the two countries are making “fantastic” progress in their negotiations. On th