Stocks futures subdued as trade deal hopes offset new China tariffs

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U.S. stock index futures were muted on Friday, as expectations of a deal during the current round of U.S.-China trade talks blunted the impact ...

REUTERS: U.S. stock index futures were muted on Friday, as expectations of a deal during the current round of U.S.-China trade talks blunted the impact from additional tariffs on Chinese goods coming into force.

"Investors will be watching closely to see if any deal can be reached, but may have to prepare for more volatility in the event that one isn't reached," said Mihir Kapadia, chief executive office and founder of Sun Global Investments. The spike in tensions this week has triggered a flight to safety and triggered a 2.5per cent drop in the S&P 500 so far this week, setting the benchmark index to post its worst weekly decline since December.At 6:29 a.m. ET, Dow e-minis were down 13 points, or 0.05per cent. S&P 500 e-minis were down 5.25 points, or 0.18per cent and Nasdaq 100 e-minis were down 5.25 points, or 0.07per cent.

 

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