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The Breakfast Briefing: U.S. & Global Stocks Edge Higher As Trump Fuels Trade Optimism

FYI: U.S. stock index futures were slightly higher Wednesday morning.

At around 03:30 a.m. ET, Dow futures dipped 3 points but indicated a positive open of more than 30 points. Futures on the S&P and Nasdaq were both marginally higher.

Market focus is largely attuned to global trade developments after President Donald Trump said negotiators were close to reaching an initial trade deal.

Global stocks ticked higher Wednesday following optimistic comments from President Trump on progress in the trade talks.

Futures tied to the Dow Jones Industrial Average edged up 0.1%, after notching its 14th record close on Tuesday. The pan-continental Stoxx Europe 600 climbed 0.4%. Investors expect a muted day in markets ahead of the Thanksgiving holiday and reduced trading hours on Friday.

Copper prices rose to their highest level in more than two weeks in London, climbing 0.3% to $5,963 a metric ton, lifted by the improved prospects of a U.S.-China trade deal.

ver in Asia, the Shanghai Composite Index ended the day down 0.1% after China’s National Bureau of Statistics released data showing a decline in profits for the country’s industrial sector, which has been hit by U.S. tariffs

Later in the day, investors can expect to get fresh insights into the state of the economy when a slew of data is released. The Commerce Department will publish its second estimate for economic growth in the third quarter. It will also release inflation figures for October, a key metric for policy makers at the Federal Reserve.

Meanwhile, the National Association of Realtors is scheduled to issue figures on October’s pending homes sales, and will offer a view on whether purchases have continued growing due to cheaper borrowing rates.

Companies reporting earnings later on Wednesday include Deere & Co.













Cuirrent Futures:
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