U.S. equities are firmer
U.S. equities are firmer, partially rebounding from yesterday's sizable losses of 2.4% on the Dow and S&P 500 and 3.4% plunge on the NASDAQ. The Dow mini is 0.4% higher in pre-market dealings, the S&P 500 has risen 0.5% and the NASDAQ is 0.8% in the green. The focus remains U.S.-China trade, as comments from U.S. and Chinese officials tempered trade war fears and tempted dip buyers. President Trump said he and President Xi will meet in June at the G20, suggesting Trump will hold off on additional tariffs for now. Chinese officials indicated the nation does not want a trade war with the U.S. But less than conciliatory remarks are also making the rounds, highlighting the still ample downside risk to socks. A senior Trump administration official, cited by Axios, said a trade deal with China isn't close, adding .there won't be a resolution before the end of the year. Beijing put forth a much tougher stance via editorials in state-backed media. In Asia, China's CSI 300 fell 0.6%, seeing only mild support from rumored purchases from state backed players, Hong Kong's Hang Seng reopened, falling 1.5% as it palyed catch-up to Monday's declines. Japan's Nikkei fell 0.6%. Europe has managed modest gains, with the Euro Stoxx up 0.9% as bourses there benefit from a buy the dip mentality.