Dow futures bounce as China and US agree to fulfill for commerce talks
Nicolas Asfouri | AFP | Getty Photographs
At round 10:15 p.m. ET, futures rose about 294 factors, pointing to an implied opening achieve of greater than 300 factors.
Futures on the and each additionally jumped increased.
China’s Commerce Ministry had issued an announcement on Thursday morning throughout Asia hours, saying that Liu He, China’s prime negotiator on commerce, spoke with U.S. Commerce Consultant Robert Lighthizer and Treasury Secretary Steven Mnuchin.
The 2 sides agreed to carry one other spherical of commerce negotiations in Washington, D.C., in direction of the start of subsequent month, and consultations will likely be made in mid-September in preparation for the assembly, the assertion mentioned.
“Each side agreed they need to work collectively and take sensible actions to create favorable circumstances for the negotiations,” in response to a CNBC translation of the assertion.
This flip of occasions got here after the 2 financial giants imposed new tariffs on one another’s items initially of the month, marking one more escalation within the protracted commerce conflict. Beforehand, either side had indicated they might meet in September.
— CNBC’s Evelyn Cheng contributed to this report.