A rally in U.S. stocks is set to continue following news that U.S. and Chinese trade negotiators have set another round of talks for next month.
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Dow Industrial futures are higher by 0.7 percent, S&P 500 futures gained 0.6 percent and Nasdaq futures are rising by 0.8 percent.
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Asian markets also traded higher. China's Shanghai Composite finished the day 1 percent higher, Hong Kong's Hang Seng added 0.3 percent and Japan's Nikkei closed up 2.1 percent, the highest level in a month.
Easing of tensions in Hong Kong also boosted markets as Hong Kong leader Carrie Lam withdrew an extradition bill that had led to months of violent protests.
In Europe, London's FTSE traded slightly lower, while German and French markets traded up by 0.6 percent.
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U.S. stocks rebounded on Wednesday, following Tuesday's selling. The S&P 500 gained 1.1 percent, the Dow Jones Industrials added 0.9 percent and the Nasdaq climbed 1.3 percent.
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The economic agenda includes reports on jobless claims and private sector hiring ahead of Friday's release of the August employment report. It is estimated that non-farm payrolls increased by 158,000 last month.
https://www.foxbusiness.com/markets/us-stocks-sept-5-2019
2019-09-05 05:29:16Z
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