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US stock index futures were up on Thursday morning, as Wall Street's recovery on hopes of a Federal Reserve rate cut seemed likely to continue.
At approximately 6:30 pm (ET), Dow futures reported a positive opening of about 80 points, while futures for the S & P 500 and Nasdaq were also positive. progressed.
Fed Chairman Jerome Powell's comments once again fueled hopes that the US central bank would move closer to reducing interest rates, which would lead to higher US equities. The Dow Jones Industrial Average jumped more than 500 points on Tuesday, its second best day of the year, and continued its rebound on Wednesday.
Powell said the central bank would keep an eye on current economic developments and would do what is necessary to "support the expansion".
Markets will closely monitor current global trade tensions, especially President Donald Trump's threat to impose a 5% tariff on all Mexican imports, in a political ploy criticized even by members of his own party. .
Trump tightened tensions with China on Thursday, telling reporters at Shannon's Irish airport on Thursday that tariffs on Chinese products could be increased by an additional $ 300 billion if needed. The president went to France for a commemoration of D-Day.
Regarding the data, the weekly claims for UI, the revised productivity figures and the unit labor cost of the first quarter are expected at 8:30 am ET, as well as the figures of the international trade of april.
Investors will also closely follow the European Central Bank, which will announce Thursday its latest monetary policy decision.
Returning to the United States, New York Fed President John Williams will address CNBC's Steve Liesman at the CBC Foreign Affairs Council's International Economy Series C. Peter McColough on Thursday.
At the news of the company, JM Smucker and Vail Resorts are expected to announce their profits before the bell.
Beyond Meat and Zoom Video are about to release their first earnings report since their respective IPOs after the market closed.
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