- Dow futures point to moderate gains for the US stock market on Monday.
- The US and China traded attacks over the weekend, despite allegedly being “very close” to a trade deal.
- The upcoming Thanksgiving holiday means US economic data releases will be packed into a dizzying two-day window on Tuesday and Wednesday.
Dow Jones Industrial Average futures point to more gains ahead of a holiday-shortened trading week.
With just three weeks remaining before new tariffs escalate the trade war further, relations between the US and China appear to be moving in the wrong direction.
Dow Futures Point to Gains on Monday
Futures tracking Wall Street’s three major indices all rose when the markets opened Sunday night.
Dow Jones Industrial Average futures climbed 50 points or 0.18%, implying a 63.38 point advance at the open.
S&P 500 futures rose 0.2%, while Nasdaq futures jumped 0.25% to round out a bullish pre-market session.
US & China Trade Barbs as Tariff Deadline Looms
President Donald Trump may say the US and China are “very close” to finalizing a trade deal, but the two economic superpowers continue to trade barbs three weeks before the next round of tariff hikes.
China’s Top Diplomat Torches Washington in Scathing Rebuke
Speaking at a G20 meeting in Japan, Chinese State Councillor Wang Yi torched the US as the “world’s biggest destabilizing factor.”
“The United States is broadly engaged in unilateralism and protectionism, and is damaging multilateralism and the multilateral trading system. It has already become the world’s biggest destabilizing factor,” Wang said, according to China’s Foreign Ministry.
Wang, China’s top-ranking diplomat, alleged that the US must stop playing “zero-sum games” and pursue a compromise that benefits both Washington and Beijing.
There is no way out for the zero-sum games of the United States. Only win-win cooperation between…