Wall Street futures jump on U.S.-China trade deal hopes, Asian shares seen higher

SYDNEY - U.S. stock futures jumped on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish while the dollar eased as traders wagered Federal Reserve policy will remain accommodative.

The Wall Street Journal reported Washington could lift most or all of its tariffs on Beijing while a summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen later this month. All of that proved positive for risk sentiment with E-mini futures for the S&P500 and the Dow gaining 0.4 percent each while Japan’s Nikkei futures climbed 0.6 percent.“The market continues to gain confidence given news around trade talks between the United States and China,” ANZ economists said in a morning note to clients.

In addition, a U.S. Commerce Department report showed tame inflation pressures and U.S. personal income falling for the first time in more than three years in January.

This market V’d on a call from the admin to the big banks. It was a week into the V when the Fed flipped to crises policies. The admin told the big boys to stop selling so they could have leverage over China (“look, strong market means strong Econ!”) What happens on a deal? 📉

The U.S.and China have been playing this game for two years. Still no deal. There doing this to artificially boost the market.

Then don't show red screens!

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