Dow futures up over 250 points as China tamps down fears of further trade-war escalation
Thursday, 29 August 2019 18:11 WIB |
MARKET UPDATE | Indeks berjangka ASS&P 500 Futures
U.S. stock-index futures pointed to a solidly higher start for Wall Street after Beijing indicated it wasn't in a rush to respond to the latest round of tariffs imposed by Washington.
Futures on the Dow Jones Industrial Average were up 267 points, or 1%, at 26,304, while S&P 500 futures rose 27.7 points, or 1%, to 2,917.50. Nasdaq-100 futures advanced 98 points, or 1.3%, to 7,697.25.
A spokesman for China's commerce ministry was quoted in news reports as saying the country wouldn't immediately respond to the latest round of tariff increases announced by President Donald Trump on Friday. Those increases came after Beijing announced a round of retaliatory tariffs.
The spokesman, Gao Feng, said œthe question that should be discussed now is about removing the new tariffs to prevent escalation. He also said both sides were discussing a planned meeting next month of trade negotiators.
Source : Marketwatch