US Equity Futures Rise as Trump Pushes Deadline for Trade Agreements and Welcomes Progress

US equity futures rose on Monday after President Donald Trump tweeted that he would delay China's tariffs and that there had been "substantial progress" in trade talks this week -end.

How are stock market indices doing?

Futures contracts on the Dow Jones Industrial Average

YMH9, + 0.64%

increased by 120 points, or 0.5%, to 26,121, while the futures contracts of the S & P 500

ESH9, + 0.49%

ESH9, + 0.49%

earned 9.8 points, or 0.4%, at 2,801.25. Future Nasdaq-100

NQH9, + 0.66%

added 35.50 points, or 0.5%, to 7 123.75.

Friday, the Dow Jones Industrial Average

DJIA, + 0.70%

up 181.18 points, or 0.7%, to 26,031.81, finishing above the 26,000 mark for the first time since November 8th. The S & P 500 index

SPX, + 0.64%

increased by 0.6% to 2,792.67 and the Nasdaq Composite

COMP + 0.91%

rose 0.9% to 7,527.54.

The Dow Jones rose 0.6% for the ninth consecutive week of gains, the longest since May 1995, according to the Dow Jones Data Group. The S & P 500 rose 0.6%, up for a fourth consecutive week, and the Nasdaq, up 0.7%, for its ninth weekly increase, its longest increase since May 2009.

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What motivated the market?

Market stocks dominated the stock earlier this week, as global equities gained momentum after Trump tweeted late Sunday to extend the deadline for increased tariffs on imports from China. for March 1st. property, technology transfers, agriculture and the currency, and said that if this continued, he would meet with President Xi Jinping in Mar-a-Lago to conclude an agreement.

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These comments came after American and Chinese negotiators had discussions throughout the weekend to resolve a long-running trade war. Chinese stocks were about to experience their best one-day session since mid-2015. Nevertheless, the official Xinhua news agency, a state agency, said in a comment that the last round of negotiations indicated that there were still some differences that required more time. "

A busy data week will include a series of deferred figures due to the partial closure of the government, but investors will focus on fourth-quarter gross domestic product data, which should confirm the signs of a slowdown in the economy. End of 2018. For Monday, investors will get the Chicago Fed's national activity index for January at 8:30 am ET, and for wholesale stocks for December at 10:00 am .

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What do the strategists say?

"Let's not forget that this is not an agreement. Progress has been made, but reports also suggest that there is still some way to go before the summit between President Trump and Chinese Xi Jinping. Traders are well aware that discussions will be more difficult in this last step, "said Jasper Lawler, head of research at the London Capital Group, in a note to clients.

What stocks are under discussion?

Spark Therapeutics Inc.

ONCE, + 1.88%

climbed 120% in premarket thin trade after Roche Holding AG

ROG, -0.34%

said she would buy the biotech company as part of a $ 5.8 billion, all cash deal. Roche will pay $ 114.50 per Spark share, a premium of 122% over its closing price on February 22.

Berkshire Hathaway Inc.

BRK.A, -1.92%

BRK.B, -1.67%

may be active after the chairman of the board and chief executive, Warren Buffett, has released his investment letter over the weekend. The conglomerate recorded a $ 25.4 billion loss in the fourth quarter, partly due to an unexpected write-down for Kraft Heinz Co.

KHC, -27.46%

.

Actions of Kraft Heinz Co.

KHC, -27.46%

plunged 27% Friday, the worst session ever after disappointing results and the announcement of an investigation by the Securities and Exchange Commission. Kraft could once again be in the center of attention on Monday after CNBC announced that the company could consider selling its Maxwell House coffee unit for $ 3 billion or more, a potential among several planned divestments.

Shake Shack Inc.

SHAK, -0.09%

, Etsy Inc.

ETSY, + 6.86%

and Tenet Healthcare Corp.

THC + 0.62%

all will report after the close of negotiations on Monday.

How were the other markets traded?

Raised by the securities of the trade, the Shanghai Composite Index

SHCOMP, + 5.60%

closed up 5.6% Monday, its best gain since mid-2015, according to Fact Set Research. Nikkei 225 from Japan

NIK + 0.48%

however, paid 0.2%. European equities posted more modest gains, with Stoxx Europe 600

SXXP, + 0.25%

up 0.2%

In the commodity markets, oil

CLJ9, + 0.24%

prices fell, while gold

GCJ9, -0.06%

and the US dollar

DXY, -0.15%

were also softer.

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