Wall Street should be optimistic in the run-up to the Fed's speech; trade in brief



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Traders are working during the IPO of Pivotal Software Inc. on the New York Stock Exchange (NYSE) floor in New York, United States, on Friday, April 20, 2018.

Michael Nagle | Bloomberg | Getty Images

Traders are working during the IPO of Pivotal Software Inc. on the New York Stock Exchange (NYSE) floor in New York, United States, on Friday, April 20, 2018.

US futures seem to add to the gains of the previous session, allowing Wall Street to end positively, with concerns over trade suggesting signs of easing. The topic itself is of paramount importance this week in the lead up to a major G-20 summit, involving both President Donald Trump and Chinese President Xi Jinping.

On Monday, President Donald Trump told The Wall Street Journal that it was "very unlikely" that the US would delay the 25% tariff increase on Chinese goods worth $ 200 billion. dollars, putting some markets under pressure. However, the next day, White House economic adviser Larry Kudlow seemed to allay concerns, saying the Trump government had resumed talks "at all levels" with the Chinese government. At the top, the two leaders should have dinner together.

Meanwhile, Federal Reserve Chairman Jerome Powell is expected to speak at the Economic Club of New York. At the event, Powell should talk about the Fed's financial stability monitoring framework.

Earlier, Mr. Trump had told the Washington Post that he was "not a little happy" with the appointment of Mr. Powell as the Fed's president, adding that he thought the recent actions of the central bank were "quite unusual".

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