- Boris Johnson's only way out of Brexit chaos is to resign, Niall Ferguson says
- Mohamed El-Erian on the bond markets: 'If you stick with the old rules, you will lose'
- US-China trade dispute is 'already in the early stages' of a second Cold War, Niall Ferguson says
- Japan’s Rakuten delays mobile service launch, shares drop
- Japan second quarter GDP seen revised down as external risks hit capex: Reuters poll
U.S. stock futures are continuing to rise on the back of easing tensions surrounding trade tariffs.
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The Dow industrials are heading to a seventh straight winning session with futures higher by 0.4 percent.
S&P 500 futures are also up by 0.4 percent. Nasdaq futures are up 0.6 percent.
Private equity firm Apollo Global Management said on Monday afternoon it had agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million debt.
Apollo also announced it would acquire privately held Snapfish LLC, a small internet-based retailer of photography products, to merge it with Shutterfly.
In Asia, Chinese markets jumped as the government took measures to boost the economy, namely easing financial rules to help with local spending on public works.
The Shanghai Composite added 2.6 percent. Hong Kong’s Hang Seng rose 0.8 percent. Japan’s Nikkei ended the day rising 0.3 percent.
In European trading, Britain’s FTSE 100 was up 0.5 percent, France’s CAC 40 added 0.8 percent and Germany’s DAX climbed 1.3 percent after being closed for a holiday on Monday.
|I:DJI||DOW JONES AVERAGES||26062.68||+78.74||+0.30%|
|I:COMP||NASDAQ COMPOSITE INDEX||7823.168901||+81.07||+1.05%|
The Dow Jones Industrial Average has now been up six days, it’s longest winning streak in 13 months.
Trumps decided late Friday to back away from his plan to slap a 5 percent tariff on Mexican goods after the nation agreed to enforce a tougher stance on immigration and purchase more agricultural goods from the U.S.
|UTX||UNITED TECHNOLOGIES CORPORATION||128.01||-4.14||-3.13%|
In corporate news, Shares of United Technologies fell 3.1 percent after the company announced an all-stock deal to merge with defense contractor Raytheon, a move that would create the world’s second-largest aerospace-and-defense company by sales. Raytheon shares rose 0.7 percent.