S&P 500 futures are up 0.7
S&P 500 futures are up 0.7%, reversing a chunk of the 2.2% losses that the cash index saw in Friday's regular session on Wall Street. Trump's economic advisor Kudlow said in an interview on Sunday that the trade spat with China "might turn out to be very benign," while Trump tweeted that he saw a "great future for both countries." Market narratives have also be highlighting expectations for China President Xi to deliver a keynote speech at tomorrow's Boao Forum, where he is widely anticipated to announce major economic reforms, including Trump-mollifying measures to aimed at opening up and increasing foreign access to its domestic market. Also in the mix was news that North Korea is apparently wanting to discuss denuclearization with the U.S. Of more concern was the alleged chemical attack in Syria, with Trump tweeting that Assad's regime and allies will have to pay a "big price." China is also reportedly studying CNY depreciation as a trade-war tool, according to a Bloomberg article citing unnamed sources, and looking at the impact a weaker currency would have in offsetting tariffs. The dollar, which tumbled on Friday following the big U.S. jobs report miss, has traded flat-to-firmer so far today.