- Dow Jones Industrial Average (DJIA) futures jump 75 points ahead of the bell on Monday.
- Optimism returns to the stock market as US and China make subtle progress in trade deal negotiations.
- China agreed to crack down on intellectual property violations – one of Trump’s key demands and a crucial sticking point in negotiations so far.
Dow Jones Industrial Average (DJIA) futures climbed 75 points in premarket trading Monday, pointing to a strong stock market open. Traders are off to an optimistic start this week as China appeared to back down over a crucial trade deal sticking point: intellectual property (IP) violations.
They’ve said they’re going to lower the threshold in terms of who they punish and what is punishable in terms of intellectual property theft. The other part of it is making it easier for victims of intellectual property theft to pursue claims of compensation. And more broadly what we’re hearing from Chinese sources is they want, by 2020, to significantly reduce the numbers and instances of intellectual property theft.
It marks huge progress in the ongoing trade war and a win for the Trump administration. Even Morgan Stanley warned that Trump may never make progress on intellectual property.
Dow futures point to higher stock market open
Dow futures contracts rose 75 points overnight as traders gear up for a shorter Thanksgiving trading week.
IP theft: major progress in US-China trade deal