US Stock Futures Trade Lower Over Trump’s Comments on US-China Trade Negotiations

US stock futures are trading lower after President Donald Trump commented that US and China have a long way to go towards finalizing a trade deal. His most recent comments on the ongoing trade negotiations have dented the sentiment in global financial markets, with DOW slipping lower after a four-day streak of closing in the green.

At the time of writing, Dow futures are trading at a little above 27335 after Trump hinted at the possibility of announcing more tariffs on Chinese goods. Previously, at the G20 summit, Trump and his Chinese counterpart had called for a truce in the trade war as negotiations were restarted between both sides.

The US earnings season is on in full swing, and there will be a lot of attention on leading companies like Bank of America, IBM, Morgan Stanley and Netflix due to release their EPS reports later today.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

U.S. President dinner with $TRUMP Buyers attract Senators Fury

4 hours ago

Save

NASDAQ 8.3% Weekly Surge, Dow Jones Trails, as Investors Brace for Major Earnings

9 hours ago

Save

Tech Stocks Lift Nasdaq, DJIA Follows as Google and Intel Earnings Beat

1 day ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments