· U.S. stock index futures were slightly higher Monday morning as international trade continues to remain under focus.
At around 02:05 a.m. ET, Dow futures rose 64 points, indicating a positive open of more than 76 points. Futures of S&P and Nasdaq were also seen slightly higher.
· European markets opened higher Monday after U.S. President Donald Trump announced that proposed tariffs on Mexican imports would be suspended indefinitely.
The pan-European Stoxx 600 gained 0.2% after the opening bell, basic resources leading gains with a 0.9% rise.
French and German banks will be closed in observance of Whit Monday;
· Asian shares, European and U.S. stock futures rose on Monday after the United States shelved plans to impose tariffs on Mexico and as global investors hoped for lower U.S. interest rates on the back of lackluster jobs data.
But in China, the yuan slipped to its weakest this year after the country’s imports fell the most in nearly three years and as talks to end the Sino-U.S. dispute remained deadlocked.
In the stock market, European futures pointed to a higher open. Pan-region Euro Stoxx 50 futures rose 0.4%, London’s FTSE futures were up 0.5% and German DAX futures gained 0.6%.
Earlier, S&P500 mini futures rose as much as 0.8% and was last up 0.3%. The 10-year U.S. Treasuries yield was seen at 2.1223 percent, after hitting a 21-month low of 2.053 percent on Friday on soft U.S. jobs data.
In Asia, Tokyo’s Nikkei gained 1%, while MSCI’s index of Asia-Pacific shares outside Japan rose as much as 1%, led by strong gains in Hong Kong and Indonesia.
· Japan’s Nikkei share average ended at a two-week high on Monday, led by automakers after U.S. President Donald Trump withdrew a threat to impose tariffs on Mexican imports.
The benchmark Nikkei rose 1.2% to 21,134.42 points, its highest close since May 28.
· Shanghai stocks closed higher on Monday, snapping a six-session losing streak, as worries over trade tensions eased after an agreement between the United States and Mexico to avert a tariff war, and as weak data boosted stimulus hopes.
The blue-chip CSI300 index rose 1.3%, to 3,610.74, while the Shanghai Composite Index gained 0.9% to 2,852.13.
· Stocks in Asia traded higher Monday on the news, Hong Kong’s Hang Seng index surging 2.03%, after official Chinese trade data for may beat forecasts and showed an overall trade surplus of $41.65 billion for the month.
U.S. Treasury Secretary Steven Mnuchin, a lead negotiator in trade talks with China, told CNBC on Sunday that Trump will decide whether to implement more tariffs on China after meeting with Chinese President XI Jinping later in June.
Reference: Reuters, CNBC