Equity futures were pointing to a higher start to trading as a new week begins.
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Trade talks between the U.S. and China have resumed and China is reportedly upbeat.
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One main topic in this round involves how China treats American companies’ intellectual property.
Dow Jones futures were rising by 0.4 percent. The S&P 500 added 0.4 percent and the Nasdaq Composite was up 0.5 percent.
An agreement on that issue would go a long way toward sealing a trade deal that could prevent tariffs from rising on Chinese imports.
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The latest talks will begin with working level discussions from Monday-Wednesday before high-level discussions at the end of the week, according to Reuters.
Investors will get plenty of big names reporting earnings this week. They include two Dow components, Cisco Systems (Wednesday) and Coca-Cola (Thursday), and 62 members of the S&P 500.
In Asian markets on Monday, China’s Shanghai Composite index rose 1.4 percent as the market returned to action following the week-long Lunar New Year holiday. Investors were optimistic about a trade deal as U.S. and China delegations resumed talks.
Hong Kong’s Hang Seng index gained 0.7 percent. Japanese markets were closed for a holiday.
In Europe, London’s FTSE added 0.7 percent, Germany’s DAX gained 1 percent and France’s CAC was higher by 1.1 percent.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25106.33 | -63.20 | -0.25% |
| SP500 | S&P 500 | 2707.88 | +1.83 | +0.07% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7298.1981 | +9.85 | +0.14% |
The latest talks will begin with working level discussions from Monday through Wednesday before high-level discussions at the end of the week, according to Reuters.
Investors will get plenty of big names reporting earnings this week. They include two Dow components, Cisco Systems (Wednesday) and Coca-Cola (Thursday), and 62 members of the S&P 500.
In Asian markets on Monday, China’s Shanghai Composite index rose 1.4 percent as the market returned to action following the week-long Lunar New Year holiday. Investors were optimistic about a trade deal as U.S. and China delegations resumed talks.
Hong Kong’s Hang Seng index gained 0.7 percent. Japanese markets were closed for a holiday.
In Europe, London’s FTSE added 0.7 percent, Germany’s DAX gained 1 percent and France’s CAC was higher by 1.1 percent.
Stocks closed mixed Friday as investors remained concerned about trade relations between the U.S. and China, but strength in the tech sector lifted two key averages.
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The S&P 500 and Nasdaq Composite closed higher, while Dow Jones Industrial Average ended lower despite paring much of the day’s losses. The Nasdaq had its largest seven-week percentage gain since the week ended Aug. 28, 2009.
Despite the blue-chip average’s decline it ended the week higher, notching its largest seven-week percentage gain since the week ended Nov. 11, 2011.
