Stock Futures Gain Altitude as Trade Optimism Buoys Wall Street
Buoyed by reports that the White House might push back the March 1 deadline for harsher trade tariffs against China and by the likely aversion of another government shutdown, US stock futures were trading higher into Thursday's open. Although gains were muted in Europe and the US by pre-emptive caution if trade negotiations are again unproductive, the Dow Jones Industrial Average was indicated to open higher for a third straight day.
Data to be released at 8:30 am ET includes initial jobless claims (est -9,000), January PPI (+0.2% nominal and core), and Dec retail sales (+0.1%, 0.0% ex autos, +0.4% ex autos and gas).
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