US stock futures have shown that key indices may move to new highs on Wednesday after President Donald Trump said he could set a deadline for trading in China if both sides made good progress.
How do basic indexes work?
Dow Jones Industrial Average futures
YMH9, + 0.18%
a growth of 115 points, or 0.5%, to 25,521 while the S & P 500 futures
ESH9, + 0.14%
growth of 10.95 points, or 0.5%, to 2,755.75. Nasdaq-100 futures
NQH9, + 0.33%
climbed 41.75 points, or 0.6%, to 7 060.50.
Core indices closed the highest for 2019 on Tuesday with Dow Jones Industrial Average
DJIA, + 1.49%
rose by 372.65 points, or 1.5%, to 25,445.76, while the S & P 500
SPX, + 1.29%
growth of 1.3% to 2744.73, ending its 200-day sliding average for the first time in 46 days. This marked S & P's longest stay below the main trend since March 2016, according to the Dow Jones Market Data Group.
Composite index Nasdaq
COMP, + 1.46%
advanced by 1.5% to 7,414.62.
ReadMorgan Stanley warns of an on-going recession of income
What drives the market?
Providing new optimism to investors, President Trump said on Tuesday that it would allow for flexibility in terms of time to conclude a deal with China if the deal looks closer. The White House had previously indicated 2 March as a "heavy deadline" for an agreement. Meanwhile, Chinese President Shi Jinping is expected to meet with key members of the US delegation on Friday, sources from South China Morning Post reported.
A third day of bilateral trade talks was held in Beijing, and Finance Minister Stephen Munchin and US Trade Representative Robert Lightheiser expected more high-level discussions Thursday. The White House has previously mentioned a "hard time" to make a deal, as at 12:01 pm Eastern time on March 2.
Read: For the Stock Exchange, profits from a trade war may be an empty win
Meanwhile, Trump said on Tuesday that the government's second closure is unlikely, though he expressed his dissatisfaction with the preliminary agreement that allowed a 55-kilometer new border fence achieved by MPs and Republicans on Monday.
Investors will receive consumer prices in January at 8:30 AM Eastern Time, and the federal budget for December will be at 2 o'clock. Eastern time zone. Atlanta's Federal Reserve President Rafael Bostich will appear in a moderated discussion at the European Financial Forum in Dublin, Ireland at 8:50 am East, and Philadelphia President Patrick Harker will talk about the economic prospects of lunch for the Jewish business network in Philadelphia . Eastern.
Cleveland President Fed Loretta Mester will talk about economic prospects and monetary policy in Lexington, Kentucky at 8:50 pm East.
How is it traded on other markets?
The optimism of trade and the strong Wall Street session on Tuesday inspired profits in global markets. The Asia Nikkei 225 index
NIK, + 1.34%
jumped 1.3% and Shanghai Composite grew by nearly 2%. Stoxx Europe 600
SXXP, + .30%
was ready for profits, as European stock futures also rose.
Raw materials prices
CLH9, + 1.11%
Saudi Arabian Energy Minister Khalid al-Falih told the Financial Times that the country would cut oil production to close to 9.8 billion barrels a day in March. gold
GCH9, + 0.05%
grew while the US dollar
DXY, + 0.11%
slipped against his peers.
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