Global stock picking continues as traders establish trade negotiations



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The recovery in US stocks is expected to continue following the announcement that US and Chinese negotiators have set a new round of negotiations for next month.

Futures on Dow Industrial and the S & P 500 are up 1% each, while futures on the Nasdaq expect a gain of 1.3%.

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Asian markets have also opened up. The Shanghai Composite of China rose 1.6%, the Hong Kong Hang Seng 0.3% and the Japan Nikkei 2.3%.

The easing of tensions in Hong Kong has also boosted markets, as Hong Kong leader Carrie Lam withdrew an extradition bill that had resulted in months of violent protests.

US stocks rebounded Wednesday after Tuesday's sales. The S & P 500 gained 1.1%, the Dow Jones Industrials 0.9% and the Nasdaq 1.3%.

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The economic agenda includes reports on job applications and private sector hiring before the Friday release of the August employment report. Non-farm payroll is estimated to have risen by 158,000 last month.

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