Stocks – U.S. Futures Edge Higher as Trump Trade Speech Awaited 

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEC0K0YG_M.jpg
© Reuters. © Reuters.

Investing.com – U.S. futures were slightly higher on Tuesday as investors waited for a keynote speech from U.S. President Donald Trump that’s likely to include comments on trade policy with regard to both China and Europe.

Trump is speaking at the Economic Club of New York at 12:00 PM ET (1700 GMT) and is expected to shed further light on the status of trade talks between the two largest economies in the world, after another confusing chapter of claim and counter-claim last week.

The President stated last week that he was not planning to roll back tariffs on China, putting the prospect of a ‘Phase 1’ trade deal in doubt. The Chinese Commerce Ministry had earlier claimed there was mutual agreement on reducing tariffs as part of the deal.

futures inched up 10 points or 0.1% by 6:45 AM ET (10:45 GMT), while gained 20 points or 0.1% and were up 2 points or 0.1%.

Linde (NYSE:) rose 1.8% in premarket trade after its earnings beat estimates, while Craft Brew (NASDAQ:) surged 121% after reports that Anheuser Busch Inbev (NYSE:) will buy out its remaining shareholder.

Tesla (NASDAQ:) inched up 0.4% after it unveiled its first Model 3s built in China, while Nissan Motor (OTC:) was set for a choppy opening after the company slashed its profit and sales forecasts for the fiscal year after a week three months through September.

Elsewhere, Macy’s (NYSE:) inched down 0.1% while DXC Technology (NYSE:) fell 0.7% on news that it is planning to divest three of its five businesses.

In commodities, fell 0.3% to $1,452.55 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was up 0.2% to 98.240. rose 0.6% to $57.19 a barrel.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment