US stocks point to strong start amid improved sentiment
|Hopes of the U.S. and China reaching a trade deal ahead of the March 1 deadline allowed the risk-on mood to start dominating the markets ahead of Wall Street's opening bell. Talks between high-level officials from both sides concluded on Friday and are expected to continue next week in Washington. Reporting on trade discussion, "Both sides reached consensus in principle on major issues and had specific discussions about a memorandum of understanding on bilateral economic and trade issues," Chinese news agency Xinhua said.
Meanwhile, White House spokeswoman Sarah Sanders told reporters that they would continue to work ahead of the deadline and added that they were able to make progress in this week's negotiations. Sanders further explained that two main points of interest in talks were currency and technology transfer.
As of writing, both the Nasdaq and the S&P 500 futures were up 0.5% on the day. Moreover, the 10-year T-bond yield gained traction with the safe-haven bonds struggling to find demand and was last up nearly 1% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.