The US futures today were both extremes against the backdrop of several consecutive statements from China on trade war. Bonds and European indices, however, slipped away from the insidious bear trap and went up.
The futures of all three major US indices initially came out quite strongly after comments from China that Trump did not properly handle tariffs to resolve the conflict, but earlier said they hoped to meet Trump soon.
We have good results from Walmart and Alibaba, which has also helped alleviate the damage. The bonds have already turned higher, with the European ones following them. S & P500's futures are up about 0.2%, followed by DJIA and NASDAQ.
Investors will also focus on US data. Cisco's shares are down 9% in the pre-market session after weaker growth prospects due to the trade war.
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