U.S. stocks primed to rally hard on Xi's promise to open China's markets

Tuesday, 10 April 2018 15:18 WIB

Indeks saham berjangka A.S.Indeks berjangka Standard & Poor’s 500Kontrak Dow Jones Industrial AverageNasdaq-100 futures


U.S. stocks looked headed for a strong bounce on Tuesday, as traders took cheer from promises by Chinese President Xi Jinping to open the country's markets.

Xi's pledges, made at a major conference in Asia, may help to soothe fears of an all-out trade war between the U.S. and China, a factor that has been driving volatility for equities.

Futures for major U.S. stock markets climbed more than 1% across the board.

Those gains came after late-session jitters linked to reports that the Federal Bureau of Investigation raided the office of President Donald Trump’s personal lawyer, Michael Cohen.

Dow Jones Industrial Average futures surged 311 points, or 1.3%, to 24,322, while S&P 500 futures gained 35.9 points, or 1.3%, to 2,654. Nasdaq-100 futures jumped 120.50 points, or 1.9%, to 6,618.25.

A global equity rally was triggered as Chinese President Xi told the Boao Forum that Beijing is developing plans to give foreign companies greater access to financial and manufacturing sectors. These include a cut in tariffs on car imports and an improvement in protection of intellectual property, among other measures.

Source: Marketwatch


  • Shares in Hong Kong were down at the break Monday as investors fret over the China-US trade talks after Donald Trump said he did not want make a piecemeal agreement. The Hang Seng Index fell 0.86 per...
  • Hong Kong stocks started Monday with small gains on hopes for progress in trade talks between China and the US. The Hang Seng Index rose 0.11 percent, or 27.95 points, to 26,463.62. The benchmark Sh...
  • Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...
  • Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average f...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.