U.S. stock index futures rose on Tuesday after President Donald Trump reassured investors the trade agreement with China was intact, while upbeat business activity data from Europe boded well for U.S. surveys due later.
"The China Trade Deal is fully intact," Trump tweeted late on Monday after White House adviser Peter Navarro sparked confusion by saying the deal was over, roiling risk assets globally and sending S&P stock futures down as much as 1.7per cent.Monetary and fiscal support worth trillions of dollars, businesses restarting and encouraging economic data have pushed the benchmark S&P 500 about 42per cent higher from its pandemic low hit in March.
After European stock markets were boosted by better-than-feared business activity surveys for June, all eyes will be on U.S. manufacturing and services sector PMI numbers, due 9:45 a.m. ET .