Stock futures rise, investors await U.S.-China meeting details
Added 01-09-19 09:04:02am EST - “U.S. stock futures rose as investors awaited further details on the outcome of trade talks between delegations from the U.S. and China, which unexpectedly extended into a third day.” - News.yahoo.com
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U.S. stock futures rose as investors awaited further details on the outcome of trade talks between delegations from the U.S. and China, which unexpectedly extended into a third day.
Futures for the S&P 500 (ES=F) rose 0.47%, or 11.75 points, as of 8:34 a.m. ET. Dow (YM=F) futures advanced 0.55%, or 130 points, while Nasdaq (NQ=F) futures rose 0.56%, or 37 points.
U.S. equities are kicking off the new year on a high note, with the S&P 500 closing higher for all but one session so far in 2019. More dovish tones from Federal Reserve officials and optimism about progress toward a resolution for the U.S.-China trade war have helped reinvigorate investors’ risk appetite.
A return to risk assets following December’s sharp sell-off has also sent crude oil prices higher, with the commodity’s prices on track for an eighth consecutive session of advances. Prices for West Texas Intermediate crude (CL=F) rose 2.91% to $51.23 per barrel as of 8:34 a.m. ET, while prices for Brent crude (BZ=F) advanced 2.62% to $60.26 per barrel.
Delegations from the U.S. and China concluded trade discussions on Wednesday, which lasted longer than expected and signaled that both sides were “serious in conducting the consultations,” according to Chinese Foreign Ministry spokesperson Lu Kang. The upbeat outlook added fuel to a broad rally from Asia to Europe, with the Hang Seng Index up 2.27% and the Shanghai Composite higher by 0.71% on Wednesday. Beijing is expected to release a statement soon with further details of the agreement.
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