U.S. stock index futures ticked higher on Tuesday as China's move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
China announced a new list of 79 U.S. products including ores of rare earth metals, gold ores and silver ores for waivers from retaliatory tariffs, amid continued pressure on Beijing to boost imports from the United States.Optimism about a recovery in business activity has helped the S&P 500 climb about 34per cent from the lows of a pandemic-driven selloff in March, with investors looking past growing evidence of the severe economic hit from the sweeping lockdowns.
Data at 8:30 a.m. ET is expected to show the impact of lockdowns on U.S. consumer prices last month. The focus for this week is the retail report for April due on Friday.
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