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US Futures in Green because of optimistic expectations for Trade Deal

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Futures show a positive start of the session on Thursday, backed by a report in which it became clear that US-China are ready for an interim deal ahead of the G-20 meeting this weekend.

Washington and Beijing have agreed to suspend further tariffs for goods for $ 300 billion of imported goods from China, South China Morning Post said in a report.

On Wednesday, Trump said he could eventually negotiate trade disputes this weekend while being ready to impose new sanctions if talks fail.

AMD, Nvidia Corp (O: NVDA) and Intel Corp (O: INTC), which are the most vulnerable to the war, are traded between 0.2% and 0.29%.

Dow is down 0.03%, S & P 500 is green with 0.2%, and NASDAQ is up 0.29%.

Premarket:

Boeing (BA.SU) dropped 2.4% after a new misunderstanding with the US Federal Aviation Administration, which found a problem with the new 737 MAX software.

Ford (FUS) rose 1.3 percent after it became clear that the company plans to cut 12,000 jobs in Europe.

KB Home (KBH.US) shot 6.2% after the company reported a 13% increase in sales for the 1Q.

ConAgra (CAG.US) plunged 7.4% after weak quarterly reports and a drop in demand for the company's products in stores.

 


 Trader Velizar Mitov

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