U.S. stock index futures rallied again early Tuesday morning despite comments from President Donald Trump on trade war with China.
Around 5:50 a.m. ET, Dow futures indicated a positive open of more than 130 points. Futures of S&P and Nasdaq were also seen higher.
President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, the U.S. would immediately impose additional duties on Chinese goods.
The U.S. president also defended his approach of slapping tariffs on international partners, saying tariffs are putting the U.S. “at a tremendous competitive advantage.”
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“The China deal is going to work out. You know why? Because of tariffs,” Trump told CNBC. “Right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay the tariffs.”
On the earnings front, the calendar is quite thin with only H&R Block and Dave & Buster’s due to report.
Meanwhile, investors will be looking ahead to the release of the the National Federation of Independent Business survey at 6 a.m. ET as well as of the latest producer price index numbers at 8:30 a.m.
Source: cnbc.com | Original Link