Wall Street looks ahead to US-China trade talks

Wall Street looks ahead to US-China trade talks - us-canada

U.S. stock index futures were slightly higher Wednesday morning.

At around 02:20 a.m. ET, Dow futures rose 43 points, signaling a positive open of greater than 61 points. Futures on the S&P and Nasdaq were both marginally greater.

Market focus is primarily conducive to international trade developments, with high-level negotiators in the U.S. and China poised to fulfill for a new round of discussions in Washington, D.C., on Thursday.

The long-running dispute has gradually expanded beyond trade policy, exacerbating fears about further damage to a fragile global economy.

To be sure, U.S. visa restrictions on Chinese officials and the inclusion of Chinese firms to a U.S. trade blacklist this week has dampened already slim hopes of a trade truce.

President Donald Trump has stated tariffs on Chinese imports will increase on October 15 if no progress is made in bilateral trade negotiations.

The world’s two biggest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the beginning of 2018, battering financial markets and souring business and consumer opinion.

On the information front, wholesale trade figures for August and Job Openings and Labor Turnover Survey (JOLTS) data for August will both be published in around 10:00 a.m. ET.

Wall Street looks ahead to US-China trade talks - us-canada

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