U.S. stock index futures edged higher Wednesday morning.
Trump told reporters in London that might be better to conclude a trade deal with China after the 2020 presidential election.At the same time, the U.S. Commerce Secretary Wilbur Ross said the Trump administration has not ruled out imposing tariffs on imported European autos.At around 01:30 a.m., Dow futures rose 14 points, indicating a positive open of more than 4 points. Futures on the S&P and Nasdaq were both marginally higher.
Market players are monitoring high-level meetings between President Donald Trump and other NATO leaders, as the institution celebrates 70 years of existence. Trump told reporters in London that might be better to conclude a trade deal with China. The U.S. is due to impose fresh duties on Chinese goods by December 15.
Meanwhile, France and the wider European Union have promised to retaliate against potential U.S. tariffs on French goods. The U.S. Trade Representative announced Monday a list of French goods that could see tariffs of up to 100%. The decision came after France introduced a digital services tax, which the U.S. argues treats U.S. tech companies unfairly. Other European countries, including the U.K. have plans to impose a digital tax.
At the same time, the U.S. Commerce Secretary Wilbur Ross said the Trump administration has not ruled out imposing tariffs on imported European autos, despite not announcing a decision in November on whether to put additional levies on cars in the region. On the data front, there will be ADP payrolls out at 8:15 a.m. ET; followed by services PMIs at 9:45 a.m. ET and ISM nonmanufacturing data at 10 a.m. ET.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China suspends U.S. military visits to Hong Kong, sanctions U.S.-based NGOsChina said on Monday U.S. military ships and aircraft won't be allowed to v...
Read more »
Top U.S. diplomat: no evidence Ukraine meddled in 2016 U.S. electionA top State Department official said he had seen no evidence that Ukraine – not Russia – interfered in the 2016 U.S. election, undermining an argument used by some supporters of President Trump as he faces an impeachment investigation
Read more »
U.S. House passes Uighur bill; vote likely to heighten U.S.-China tensionsThe U.S. House of Representatives overwhelmingly backed legislation on Tuesday t...
Read more »
Proper U.S.-China trade deal more important than timing: U.S. Commerce chiefU.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade...
Read more »
US futures point to slightly higher openU.S. stock index futures were slightly higher on Tuesday.
Read more »
North Korea says it’s up to US to choose ‘Christmas gift’North Korea reasserts the Trump administration is running out of time to salvage nuclear negotiations and says it’s entirely up to the United States to choose what “Christmas gift” it gets from the North.
Read more »