Former White House trade official Clete Willems on U.S. trade tensions with China.videoWhat is needed to push the U.S.-China trade talks forward?

Former White House trade official Clete Willems on U.S. trade tensions with China.

U.S. equity futures are pointing to a continuation of Wednesday's rally as China's commerce ministry said they were in discussions with the United States.

Continue Reading Below

The Dow Industrials are looking at a gain of at least 200 points, or  1 percent.

MORE FROM FOXBUSINESS.COMTOYOTA RECALLS 191,000 CARS FOR DEFECTIVE AIRBAGSUNITED AIRLINES IS MAKING LIFE EASIER FOR FREQUENT FLIERSJENNY CRAIG BEACHFRONT MANSION SELLS FOR A SLIMMED-DOWN PRICE TAG

Wall Street closed broadly higher on Wednesday, recovering from the previous day's losses.

The Standard & Poor's 500 index rose 0.7 percent, the Dow Jones Industrial Average climbed 1 percent and the Nasdaq gained 0.4 percent.

TickerSecurityLastChange%ChgI:DJIDOW JONES AVERAGES26036.1+258.20+1.00%SP500S&P 5002887.94+18.78+0.65%I:COMPNASDAQ COMPOSITE INDEX7856.881692+29.94+0.38%

European stocks were posting strong gains on Thursday as trade concerns eased.

The major indexes are up by 1 percent with France's CAC up 1.4 percent.

Prime Minister Boris Johnson decided to suspend Britain's parliament for more than a month before Brexit, a move that will limit the time opponents have to derail a disorderly Brexit.

Asian stocks were mixed on Thursday following Wall Street's rebound amid easing about U.S.-Chinese trade tension.

Hong Kong's Hang Seng rebounded to finish with a gain of 0.3 percent. China's Shanghai Composite and Japan's Nikkei each ended the day down 0.1 percent.

On Wednesday, President Trump's plan to impose an additional 5 percent tariff on a list of $300 billion of Chinese imports was confirmed by the U.S. trade representative's office.

The increases are slated for Sept. 1 and Dec. 15.

Negotiators are due to meet in September but there has been no sign of progress.

CLICK HERE TO READ MORE ON FOX BUSINESS

Investors worry the spiraling tariff war over trade and technology could tip the global economy into recession.

The Associated Press contributed to this article.

Source Link:
https://www.foxbusiness.com/markets/us-stocks-aug29-2019

[-0.386253]

Comments

comments

Advertisement