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U.S. stock futures gain on China stimulus, tariff relief


Added 06-11-19 09:03:02am EST - “U.S. stocks were set to edge back toward record territory on Tuesday, as signs o...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “U.S. stock futures gain on China stimulus, tariff relief”. Below is an excerpt from the article.

(Reuters) - U.S. stocks were set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.

Equity index futures were higher across the board in a signal that Wall Street’s week-long recovery from a 6% loss in May appeared intact.

The S&P 500 has risen for five days and the Dow Jones Industrial Average has gained for six straight days since the start of June, its longest winning streak in 13 months.

Investors, worried by the prospect that President Donald Trump’s hard bargaining on trade with Beijing and others could drive the economy back into recession, remained on edge after a U.S. pivot back on its tariff threat against China overnight.

Trump said late on Monday he was ready to impose another round of tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the G20 summit.

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