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US stock index futures rose slightly on Friday morning, as investors eagerly awaited key monthly non-farm payroll figures expected later in the day.
At 6:15 am. Futures contracts on Dow imply a positive opening of more than 35 points. S & P and Nasdaq futures have changed little.
The focus on the market is largely sensitive to developments in global trade, after the United States and China decided to hold high-level talks in early October. The news has raised the hope that the world's two largest economies could soon make substantial progress in reducing their protracted trade dispute.
The Chinese Ministry of Commerce said Thursday that Liu He, the country's biggest trade negotiator, had a telephone conversation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. They agreed to meet in early October for a new round of negotiations, according to the Chinese Ministry of Commerce. Chinese insiders have also hinted that future trade talks could lead to a "breakthrough".
At the same time, investors were comforted by the optimistic US economic data released on Thursday. Private payroll in the United States rose at its fastest pace in four months in August, according to ADP. The numbers came amidst speculation that the 10-year economic expansion is coming to an end. The New York Federal Reserve estimates at 39% the probability of a recession in the next 12 months, its highest level since the Great Recession that ended in mid-2009.
On the data front, investors will keep an eye on August's non-farm payroll and unemployment data, which will be released at 8:30 am (ET), where they will look for signs of health. American economy.
Oil prices rose at the start of European trading hours after a previous low. Brent crude futures contracts gained 0.15% to $ 61.04 per barrel and US futures contracts rose 0.21% to $ 56.42 per barrel.
–Sam Meredith of CNBC contributed to this report.
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