Wall Street to open higher on hopes of U.S.-China trade talks


(Reuters) – U.S. stock index futures pointed to a higher open on Friday as hopes that the United States and China would start new trade talks calmed fears of a trade war and as technology stocks rose.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018. REUTERS/Brendan McDermid

Beijing on Thursday welcomed an invitation from Washington for a fresh round of talks. But the timing of the proposed talks remains unclear, with President Donald Trump saying that the United States was under no pressure to make a deal.

Investors have cheered the efforts to defuse trade tensions, sending stocks higher. The Dow Jones Industrial Average ended Thursday 1.8 percent below its all-time high, hit on Jan. 26.

“Markets seem hopeful that China is open to trade talks and so is the United States, it is the perception of trade talks moving forward that has given confidence to investors,” said Andre Bakhos, managing director at New Vines Capital…

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