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U.S. stock index futures resume the rally
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Loading...U.S. stock index futures rose on Thursday, indicating the resumption of this month’s rally, after Wall Street suffered back-to-back losses.
Still, lingering trade tensions kept investors on edge. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Expectations that trade officials from the U.S. and China will clinch a deal on the sidelines of a G-20 meeting in Osaka on June 28-29 have been fading in recent days.
Oil prices, meanwhile, got a boost amid reports of a tanker incident in the Gulf of Oman. U.S. crude prices traded 3.4% higher at $52.86 per barrel. The jump comes a day after oil slipped to its lowest level in five months amid continued increases in U.S. crude stockpiles and concerns about lower demand growth.
Surce: CNBC
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