China, futures
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Oil futures rise for a fourth straight session on improved sentiment after the U.S. and China agreed to cut tariffs for 90 days to allow time for trade talks, which has eased concerns about loss of demand at a time when OPEC+ is raising output.
U.S. stocks soared as investors’ fears of a recession in the U.S., sparked by a trade war with China, were abated after the two superpowers arrived at a deal.
Stock index futures gained on Thursday as President Donald Trump could unveil a trade deal, while investors assessed the Federal Reserve's decision to keep rates steady.
U.S. stock futures rose late on Tuesday after it was announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer would meet with China's top economic official later this week in Switzerland.
Microsoft and Meta's strong earnings reports eased investor fears of an economic slowdown amid President Trump's tariffs.
Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22 per share and $68.42 billion in revenue.
Here are the top stories to read ahead of Monday's trading:
US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report