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Futures up on hopes of progress in trade war; Boeing shares slip

Added 10-21-19 08:03:02am EST - “Wall Street looked set to start the week on an upbeat note on Monday, as investo...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Futures up on hopes of progress in trade war; Boeing shares slip”. Below is an excerpt from the article.

(Reuters) - Wall Street looked set to start the week on an upbeat note on Monday, as investors hoped for progress in resolving the U.S.-China trade war, but a fall in Boeing’s shares kept a lid on early gains.

Chinese Vice Premier Liu He said on Saturday that Beijing would work with Washington to address core concerns, adding to optimism from President Donald Trump’s comments on Friday that he expected a trade deal to be signed by mid-November.

Microsoft Corp (MSFT.O) rose 0.8% in premarket trading after German business software group SAP (SAPG.DE) said it had signed a three-year cloud partnership with the company.

However, Boeing Co (BA.N) was set to extend a slide from the previous session as two brokerages downgraded the stock after leaked messages from a former test pilot showed he might have unintentionally misled regulators about the safety of the grounded 737 MAX jet.

Wall Street has been steadily recovering after a rough start to the month on signs of progress in talks between the world’s two largest economies.

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