U.S. Stock futures indicate major indexes that could go for fresh highs on Wednesday, after President Donald Trump said he could disclose a deadline of China's trade-deal if both sides are making enough development.
How are the major indexes related?
Dow Jones Industrial Average futures
YMH9, + 0.30%
has climbed 115 points, or 0.5%, up to 25,521, while the S & P 500 futures
ESH9, + 0.23%
rose 10.95 points, or 0.5%, to 2,755.75. Nasdaq-100 futures
NQH9, + 0.40%
climb to 41.75 points, or 0.6%, to 7,060.50.
The major indices closed at 2019 highs Tuesday, with the Dow Jones Industrial Average
DJIA, + 1.49%
climbed 372.65 points, or 1.5%, to 25,425.76, while the S & P 500
SPX, + 1.29%
rose by 1.3% to 2,744.73, ending its 200-day average move for the first time in 46 days. It marks the longest S & P under the key trend line from March 2016, according to the Dow Jones Market Data Group.
The Nasdaq Composite Index
COMP, + 1.46%
advanced 1.5% to 7,414.62.
Read : Morgan Stanley warns of a looming profits recession
What is driving in the market?
Giving fresh optimism for investors, President Trump Tuesday said he would allow for flexibility in a timeline for a deal with China if a deal looks close. The White House previously referred to March 2 as a "hard deadline" for an agreement. Meanwhile, China's President Xi Jinping is expected to meet key US member delegates on Friday, sources said by the South China Morning Post sources.
The third day of bilateral trade negotiations takes place in Beijing, with Treasury Secretary Steven Mnuchin and US Trade representative Robert Lighthizer is expected Thursday for more high-level discussions. The White House previously identified a "hard deadline" for a deal as 12:01 a.m. Eastern time March 2 deadline.
Read: For the stock market, a trade-war win could be an unremitting success
Meanwhile, Trump Tuesday said the second closing of the government is unlikely, he expressed sadness in the interim agreement allowing for 55 miles of new border fencing to be reached by the Democratic and Republican lawmakers on Monday.
Investors will get consumer prices in January at 8:30 a.m. Eastern Time, while the federal budget for December should be at 2 p.m. Eastern Time. Federal Reserve President Federal Raphael Bostic will appear in a moderated discussion at the European Financial Forum in Dublin, Ireland at 8:50 am Eastern, while Philadelphia Fed President Patrick Harker will speak on the economic outlook on the Jewish Business Network lunch at Philadelphia at noon.
President of Cleveland Fed President Loretta Mester speaks to financial and finance policy in Lexington, Kentucky at 8:50 am.
How are other trading in the market?
Promotion of trade-optimism and a strong session for Wall Street on Tuesday inspired the gains in international markets. In Asia, the Nikkei 225 index
NIK, + 1.34%
jumped 1.3% and the Shanghai Composite is almost 2%. The Stoxx Europe 600
SXXP, + 0.41%
was obtained for gains as European stock futures also climbed.
CLH9, + 1.09%
climbed more than 1% after Saudi Arabia's Minister of Energy Khalid al-Falih at the Financial Times in an interview that the country will reduce its oil production , up to 9.8 billion barrels in March. Gold
GCH9, + 0.08%
rose, while the U.S. dollar
DXY, + 0.01%
slither against its peers.
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