- Stock futures dribbled on Sunday night as the recent S&P 500-year rally brought it within 2.4% in February until President Donald Trump’s trade war destroyed the market. This is a big week before that will see another round of U.S.-China trade negotiations and key inflation reports.
U.S. stock futures pointed out a big week on Sunday night, which will be highlighted by more U.S.-China trade negotiations and new inflation data.
A strong jobs report on Friday added more fuel, which lifted the S&P 500 to February, with President Donald Trump’s trade war in a difficult market.
Futures at the Dow Jones Industrial Average rose 54 points, or 0.13%. S&P 500 futures rose 0.11%, while Nasdaq futures rose 0.08%. Tesla Stocks may see more disadvantages Trump says his relationship with CEO Elon Musk is over.
The 10-year Treasury yield was below 1 basis point to 4.506%. The dollar fell 0.08% against the euro and the yen fell 0.11%.
Wall Street may not respond Trump sends National Guard to Los Angeleshis overall immigration repression representative The shock of labor supply to the economy This has an impact on the US dollar.
Gold fell 0.25% to $3,338.30 per ounce. U.S. oil prices rose 0.28% to $64.76 a barrel, while Brent crude rose 0.21% to $66.61.
U.S. and Chinese officials will meet in London on Monday after agreeing to suspend their high tariffs in Geneva last month.
Both sides blame each other since the downgrade in the trade war Violate their transactions. A key point for the United States is the availability of rare earths, dominated by China, and is crucial to the automotive, technology and defense sectors.
Kevin Hassett, Director of the National Economic Commission Sunday sounds optimistic Negotiations in London could lead to a solution.
“I’m glad this deal is coming to an end,” he told CBS News.
Meanwhile, as the Fed is still in a mode to be seen, new inflation data will be generated to assess Trump’s tariffs on price.
The job was more worried about the recession than expected than the expected report Friday to relieve pressure on the Fed to lower interest rates to support the economy. This means that any cut rate can be caused by cool inflation.
The Labor Department will release its monthly consumer price index on Wednesday and its producer price index on Thursday.
Also on Wednesday, the Treasury Department will release monthly budget updates and provide clues about debts issued by the federal government’s concerns about bond supply and demand.
This story was originally fortune.com
