(Reuters) – U.S. stock index futures rose on Monday as hopes of a trade deal between Washington and Beijing as well as rising bets on a rate cut by the Federal Reserve when it meets this week boosted investor sentiment.
The S&P 500 index came within striking distance of its all-time high on Friday after the United States said it was “close to finalizing” some parts of a trade agreement with China.
Beijing - Saturday - Consultations - Parts - Trade
Beijing confirmed on Saturday that “technical consultations” on some parts of a trade agreement were basically completed.
The news comes as a relief to investors who have been grappling with the fallout from the trade war and its impact on the global economy.
Dismal - Indicators - Beginning - October - Odds
Dismal domestic economic indicators since the beginning of October have raised the odds for a third rate cut to 94% from 49% last month. The two-day Fed policy meeting starts on Tuesday.
A largely better-than-expected earnings season has been a bright spot,...
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