U.S. Secretary of the Treasury Steve Mnuchin talks to FOX Business' Lou Dobbs about the U.S.-China trade negotiations.videoSteven Mnuchin hopeful in US-China trade talks

U.S. Secretary of the Treasury Steve Mnuchin talks to FOX Business’ Lou Dobbs about the U.S.-China trade negotiations.

U.S. equity futures are pointing to a higher open when trading begins on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks would resume in two weeks.

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The three major futures indexes are indicating a 0.3 percent rise.

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In the on-again, off-again world of trade talks, U.S. Treasury Secretary Steven Mnuchin said late Monday that U.S.-China trade talks will resume in two weeks in Washington.

During an interview with FOX Business' Lou Dobbs on "Lou Dobbs Tonight" on Monday, Mnuchin clarified how the trade negotiations are going.

"The president's been very clear if we can get the right deal, he wants the deal," Mnuchin told Dobbs. "If we can't get the right deal, he's happy with the tariffs."

Earlier in the day, the treasury secretary appeared to surprise President Trump when he said a Chinese delegation's delay of a visit to Midwest farmers last week was done at the administration's request.

"Why was that?" Trump asked as he and Mnuchin fielded questions during a meeting with Egyptian President Abdel Fattah el-Sisi in New York.

"We didn't want confusion around the trade issues," the secretary said.

"But I want them to buy farm products," Trump replied. "They’ve committed to buy a lot of agriculture, and they’re going to start, and they’ve started. And we should get them over there as soon as possible so they can start buying."

In Asian markets, China's Shanghai Composite index rose 0.8 percent, Japan's Nikkei finished with a 0.1 percent gain and Hong Kong's Hang Seng index climbed 0.3 percent.

In the latest of a slew of discouraging indicators, a preliminary manufacturers survey showed factory activity slowing in Japan last month.

In Europe, London's FTSE added 0.3 percent, Germany's DAX gained 0.1 percent and France's CAC tacked on 0.2 percent.

TickerSecurityLastChange%ChgI:DJIDOW JONES AVERAGES26949.99+14.92+0.06%SP500S&P 5002991.78-0.29-0.01%I:COMPNASDAQ COMPOSITE INDEX8112.461954-5.21-0.06%

On Monday, the S&P 500 index slipped less than 0.1 percent, the Dow Jones Industrial average picked up 0.1 percent and the Nasdaq fell 0.1 percent.

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The Associated Press contributed to this article.

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https://www.foxbusiness.com/markets/us-stocks-sept-24-2019

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