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The Breakfast Briefing: Global Stocks Drift Higher On Trade Optimism
FYI: .At around 3:40 a.m. ET, Dow futures rose 70 points, indicating a positive open of more than 94 points. Futures on the S&P 500 and Nasdaq were also seen relatively upbeat.
.Market participants are gradually becoming more optimistic about the prospect of the U.S. and China reaching a comprehensive trade agreement.
.It follows a flurry of news this week pointing to cooling tensions between the two global powers.
At around 3:40 a.m. ET, Dow futures rose 70 points, indicating a positive open of more than 94 points. Futures on the S&P 500 and Nasdaq were also seen relatively upbeat.
Market participants are gradually becoming more optimistic about the prospect of the U.S. and China reaching a comprehensive trade agreement. It follows a flurry of news this week pointing to cooling tensions between the two global powers.
On Wednesday, Reuters reported Chinese state-owned companies had bought more than 1.5 million tons of U.S. soybeans. It was the first major U.S. soybean purchases in more than six months, and the clearest sign to date that China plans to step up efforts to support its slowing economy. Regards, Ted
