U.S. stock index futures were slightly lower Wednesday morning, as the White House took a tough line on trade talks with China.
At around 04:00 a.m. ET, Dow futures slipped 58 points, indicating a negative open of more than 49 points. Futures on the S&P and Nasdaq were both seen slightly lower.
Washington and Beijing have imposed tariffs on billions of dollars' worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Investors are likely to closely monitor consumer price index data (CPI) for May at around 8:30 a.m. ET, with core CPI excluding food and energy for May due at the same time. The latest Federal Budget figures will be released slightly later in the session.
Source : CNBC