Dow futures slightly higher after US eases trade restrictions on Huawei

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U.S. stock index futures were higher Tuesday, as market participants monitor trade developments between the world's two largest economies.

temporarily eased some trade restrictions

imposed on China's Huawei last week. The move sought to minimize disruption for the telecom company's customers around the world. The U.S. Commerce Department said it would allow Huawei Technologies to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until August 19.

The temporary easing of trade restrictions won some respite with market participants ahead of Tuesday's opening bell. However, an increasingly fraught atmosphere between Washington and Beijing has continued to keep financial markets on edge, with investors abandoning any hopes of an early resolution to the protracted trade dispute.

On the data front, the Philadelphia Fed non-manufacturing survey for May is set to come out at around 8:30 a.m. ET, followed by existing home sales figures for April at around 10:00 a.m. ET.

 

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Leader Trump is crushing the ecomony!

Huawei is presently trying to get Europe to buy its 5 G Technology as opposed to the US Qualcomm. Trump’s trade tariffs & dishing on Europe may have given the huge contract to a Chinese company that sells more phones then Apple. Trump dishes Europe but use Deutsche Bank .2020.

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