Wall Street futures subdued ahead of US-China trade talks

(Reuters) – The US stock index’s futures were underwent, as investors discussed talks between the United States and China aimed at reforming a commercial rift that shook financial markets throughout the year.

Senior officials from both countries in London will meet to address disputes over a preliminary agreement concluded last month in Geneva, which is briefly cooled among the world’s largest economies.

The second round of meetings comes four days after US president Donald Trump and Chinese leader Xi Jinping spoke over the phone, which is their first direct interaction since Trump’s opening on January 20. However, leaders have left the main issues without resolving future conversations.

S&P 500 normative over 6000 on Friday was closed for the first time since February 21, following a better job report than expected and reflux in Tesla shares.

The hopes of more commercial deals between the United States and its main commercial partners helped us, along with optimistic profits and inflation data in Tamez, in the shares gathering in May, with the S&P 500 and the heavy NASDAQ in achieving its best monthly gains since November 2023.

S&P 500 is still slightly more than 2 % less than its highest level ever in February, while the NASDAC Stock Exchange is less than 3 % less than its peaks reached in December.

Citigroup joined major mediation companies to raise their goal at the end of the year for the S&P 500, noting renewed optimism in the flexibility of corporate profits and the accelerated momentum of artificial intelligence growth. You see that the standard ends in the year at 6300, compared to 5,800 expectations previously.

The main data versions of this week include readers on consumer prices in May and primary unemployment demands. While investors are widely expecting the Federal Reserve to maintain not to change interest rates next week, the focus will be on any signs of inflation in inflation as it raises the risks of Trump’s tariff.

Traders are currently expecting approximately price cuts by the end of this year, with the first reduction in September, according to the data collected by LSEG.

At 05:56 AM Et, Download E-MINIS rose to 27 points, or 0.06 %, S&P 500 E-MINIS increased by 4.5 points, or 0.07 %, and Nasdaq 100 E-Minis decreased 7.5 points, or 0.03 %.

Most of MEGACAP shares and growth in pre -market trade have been mixed. Tesla shares decreased by 2.5 % after a report said that Bird reduced shares to “neutral” from “Outperform”.

Sunnova Energy shares fell 37 % after the company applied to protect Chapter 11 of bankruptcy.

Robinhood markets decreased by 5.2 % after the S&P 500 decision not to change the components of the index as part of the latest rebalancing, unlike some analysts who expected online mediation to join the measurement index.

(Participated in the reports of Kanchana Chakravage in Bangaluru; editing by Devika Siamnat)