MAXFunds.com founder Jonas Max Ferris and PwC partner Mitch Roschelle discuss how the U.S.-China trade war is affecting the markets.videoUS stocks surge after China tamps down trade worries

MAXFunds.com founder Jonas Max Ferris and PwC partner Mitch Roschelle discuss how the U.S.-China trade war is affecting the markets.

U.S. equity futures are pointing to gains when the bell rings on Wall Street on relief that trade tensions between the United States and China were easing.

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The major indexes are adding 0.6 percent.

China's Foreign Ministry said on Friday that Chinese and U.S. trade negotiating teams are maintaining effective communication.

There were hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology.

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Stocks finished Thursday with broad gains, driving the Dow Jones Industrial Average more than 300 points higher.

The S&P 500 index rose 1.3 percent, the Dow climbed 1.3 percent and the Nasdaq gained 1.5 percent.

TickerSecurityLastChange%ChgI:DJIDOW JONES AVERAGES26362.25+326.15+1.25%SP500S&P 5002924.58+36.64+1.27%I:COMPNASDAQ COMPOSITE INDEX7973.394165+116.51+1.48%

The major European markets are trading higher on Friday, adding to recent gains  The Germnay DAX is leading the way with a gain of 0.9 percent.

Asian stocks were mixed on Friday.

Japan's Nikkei ended the day with a gain of 1.2 percent, and added 1.4 percent for the week. China's Shanghai Composite was down 0.2 percent for the day and off 0.4 percent for the week and Hong Kong's Hang Seng was up 0.1 percent, but losing 1.7 percent for the week.

Investors were encouraged by a Chinese government statement Thursday that its penalties on U.S. imports are adequate. That suggested Beijing might be pausing in a tit-for-tat cycle of tariff hikes by both sides that has fueled fears the fight will tip the global economy into recession.

Some analysts say Beijing might be hoping to strike a more favorable deal if President Donald Trump is under pressure during his re-election campaign — or might hold out to negotiate with his successor if he loses.

Washington and Beijing are deadlocked in talks over U.S. complaints about China's trade surplus and industry plans its trading partners say are based on stealing or pressuring companies to hand over technology.

Tit-for-tat tariff hikes by both sides have depressed trade, prompting fears the fight might tip the global economy into recession.

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Negotiators are due to meet next month in Washington after the latest round of talks in July in Shanghai produced no sign of progress.

The Associated Press contributed to this article.

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https://www.foxbusiness.com/markets/us-stocks-aug-30-2019

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