Dow Futures Slip, But Potential Thaw in US-China Trade War Boosts Sentiment

May 15
17:04 2019

Global stocks add to gains, taking Asia markets from a three-and-a-half month low, amid signs of progress in the U.S.-China trade war that could lead to a resumption in talks. President Donald Trump suggests the “little squabble” with China can be resolved with a deal, while Treasury Secretary Steve Mnuchin is set to travel to Beijing soon to resume dialogue with Chinese officials. Wall Street futures suggest a modestly firmer open for the Dow ahead of mortgage data at 7:00 am Eastern time and earnings from Cisco and Macy’s as well as China-based tech groups Tencent and Alibaba.

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