Futures higher following release of Huawei CFO
2018-12-12 07:17:57
Stock futures are pointing toward a higher open following the release of Huawei's CFO on bail in Canada, which is being read as de-escalating tensions between the U.S. and China as the two superpowers continue their trade negotiations. However, while the release is undoubtedly positive, according to the New York Times the White House is still planning actions "targeting China's trade, cyber and economic policies, perhaps within days." Meanwhile, in Europe, U.K. Prime Minister Theresa May will be facing a confidence vote later today as the Brexit drama continues. In early pre-market trading, Dow futures are 195 points above fair value, Nasdaq futures are 69 points above fair value and S&P futures are 22 points above fair value.