Futures on the Dow index against the backdrop of a pause in the US-China trade war
Investing.com – Judging by the dynamics of futures, on Monday the US stock market will open with the growth. The US and China agreed to suspend the introduction of duties before the signing of a trade agreement between the two countries.
At 13:44 by Moscow time, the Dow blue chip index futures soared 231 points or 0.93% to 24952.0, while the S & P 500 futures rose by 16 points or 0.60% to 2,729.25. Futures on high-tech Nasdaq 100 traded higher by 49 points or by 0.71% at 6923.00.
On Sunday, the US Treasury Secretary Stephen Mnuchin said that at the moment the trade war between China and the United States was halted. In the past few months, both countries have been drawn into a trade conflict to introduce reciprocal duties on imported goods. Despite the suspension of the introduction of duties, China has not yet agreed to reduce the US trade deficit by $ 200 billion in mutual trade despite the demand of Donald Trump.
Tesla (NASDAQ: TSLA) shares grew by 1.72%, after Tesla CEO Ilon Mask announced a two-fold increase in the price of the new version of Model 3. The Facebook shares NASDAQ: FB) rose by 0.76%, and shares of semiconductor maker Advanced Micro Devices Inc (NASDAQ: AMD) – 2.00%. Shares of General Electric (NYSE: GE) increased by 2.20%.
On the other hand, shares of British American Tobacco (LON: BATS) fell by 0.53%, Aegion Corp (NASDAQ: AEGN) shares gained 2.26%, and shares of Vedanta Ltd (NYSE: VEDL) – 1, 68%.
In the second half of Monday, the president of the Federal Reserve Bank of Atlanta Rafael Bostic, the head of the FBI Philadelphia, Patrick Harker and the head of the Federal Reserve Bank of Minneapolis Neil Kashkari will hold speeches.
European stock markets demonstrate mixed dynamics. The French CAC 40 rose by 37 points or 0.67%, the German DAX climbed by 36 points or 0.28%, while the London FTSE 100 rose by 61 points or 0.79%. The Euro Stoxx 50 index decreased by 19 points or by 0.55%, while the Spanish IBEX 35 grew by three points or by 0.07%.
Gold futures fell by 0.57% to $ 1,244.0, while futures for oil WTI rose by 0.34% to $ 71.61 per barrel. The index of the US dollar, which shows the purchasing power of the dollar to the trade-weighted basket of six major currencies, rose by 0.21% to 93.78.