U.S. stock index futures were higher Monday morning, after China’s central bank set the official midpoint reference for the yuan at a stronger-than-expected level.
At around 02:30 a.m. ET, Dow futures rose 46 points, indicating a positive open of more than 55 points. Futures on the S&P and Nasdaq were both slightly higher.
Market focus is largely attuned to simmering trade tensions between the world’s two largest economies.
On Monday, the People’s Bank of China (PBOC) set its daily midpoint for yuan trading -- which determines the limits for its onshore movement -- at 7.0211 per dollar. That was weaker than Friday’s session, but beat market expectations.