⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Stocks- U.S. Futures Inch Forward as U.S.-China Trade Talks in Focus

Published 13/09/2018, 11:51
© Reuters.  U.S. futures pointed to a flat opening bell on Wall Street.
EUR/USD
-
UK100
-
XAU/USD
-
FCHI
-
DE40
-
ES35
-
STOXX50
-
AAPL
-
CCL
-
DX
-
GC
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-
MZOR
-
JD
-
TLRY
-

Investing.com – U.S. futures pointed to a slightly higher opening bell on Thursday as the prospect of U.S.-China trade talks were in focus.

The S&P 500 futures rose 3 points or 0.13% to 2,892.25 as of 6:50 AM ET (10:50 GMT) while Dow futures gained 38 points, or 0.15%, to 26,052.0. Meanwhile tech heavy Nasdaq 100 futures increased 22 points, or 0.29%, to 7,507.75.

China welcomed an invitation from the U.S. to hold trade talks later this month in an effort to stave off new tariffs.

U.S. President Donald Trump has threatened impose tariffs on almost all Chinese imports, or about $467 billion in goods, while China is planning to ask the WTO for permission to impose sanctions on the U.S. at a meeting next week.

Central banks are also in focus, with the Bank of England expected to keep interest rates at 0.75%. The European Central Bank releases its interest rate decision at 7:45 AM ET (11:45 GMT) and is also expected to keep interest rates at current levels.

Apple (NASDAQ:AAPL) inched up 0.35% in premarket trading after releasing its new iPhone and watch, while Chinese e-commerce giant Jd.Com Inc Adr (NASDAQ:JD) surged 2.24% and medical marijuana company Tilray Inc (NASDAQ:TLRY) gained 5.76%.

ElsewhereMazor Robotics Ltd (NASDAQ:MZOR) fell 1.99% while cruise ship company Carnival (NYSE:CCL) was down 1.28% as Hurricane Florence heading to the east coast and Tropical Storm Isaac impacted weather in the eastern Caribbean.

In economic news, consumer prices will be released at 8:30 AM ET (12:30 GMT), while jobless claims come out at the same time.

In Europe stocks were mixed. Germany’s DAX rose 51 points or 0.43% while in France the CAC 40 was up 8 points or 0.17% and in London the FTSE 100 decreased 26 points or 0.36%. Meanwhile the pan-European Euro Stoxx 50 gained 6 points or 0.20% while Spain’s IBEX 35 inched down 2 points or 0.03%.

In commodities, gold futures fell 0.04% to $1,210.40 a troy ounce while crude oil futures slumped 1.32% to $69.44 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, increased 0.08% to 94.90.

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.