Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

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

Published 12/11/2019, 11:46
Updated 12/11/2019, 12:04
© 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.

Nasdaq 100 futures inched up 10 points or 0.1% by 6:45 AM ET (10:45 GMT), while Dow futures gained 20 points or 0.1% and S&P 500 Futures were up 2 points or 0.1%.

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

Tesla (NASDAQ:TSLA) inched up 0.4% after it unveiled its first Model 3s built in China, while Nissan Motor (OTC:NSANY) 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:M) inched down 0.1% while DXC Technology (NYSE:DXC) fell 0.7% on news that it is planning to divest three of its five businesses.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.