Rally looks set to continue as China offers to cut car import duties
2018-05-22 07:01:51
Stock futures are higher as trade tensions with China continue to ease, with the latest signs being China agreeing to lower its import duties on U.S. manufactured cars while the U.S. is talking about removing its sales ban against telecommunications giant ZTE. There is little else from on the macro calendar for investors to key in on, but there will be several earnings reports from large retailers that will be released today including Kohl's (KSS), TJX (TJX) and AutoZone (AZO). In early pre-market trading, Dow futures are 51 points above fair value, Nasdaq futures are 33 points above fair…
Stock futures are higher as trade tensions with China continue to ease, with the latest signs being China agreeing to lower its import duties on U.S. manufactured cars while the U.S. is talking about removing its sales ban against telecommunications giant ZTE. There is little else from on the macro calendar for investors to key in on, but there will be several earnings reports from large retailers that will be released today including Kohl's (KSS), TJX (TJX) and AutoZone (AZO). In early pre-market trading, Dow futures are 51 points above fair value, Nasdaq futures are 33 points above fair value and S&P futures are 5 points above fair value.