<\/p>\n
(Bloomberg) — US equity futures gained as trade tensions eased and investors stuck to bets on Federal Reserve interest-rate cuts ahead of a key inflation reading later Friday.<\/p>\n
Contracts on the S&P 500 and Nasdaq 100 advanced after a tech-led rally on Wall Street. Shares in Intel Corp rose in post-market trading Thursday in New York after an upbeat revenue forecast.<\/p>\n
Most Read from Bloomberg<\/p>\n
The Stoxx Europe 600 index erased gains amid mixed earnings and contrasting economic data from Germany and France, the region\u2019s two biggest economies. While business activity in Germany surged, France\u2019s composite purchasing managers\u2019 index unexpectedly fell. The country\u2019s CAC 40 stock index declined.<\/p>\n
Among companies reporting earnings in Europe, French drugmaker Sanofi SA, UK lender NatWest Group Plc, Swiss cement producer Holcim AG and Swedish defense firm Saab AB gained after beats. Aluminum supplier Norsk Hydro ASA and Dutch lights manufacturer Signify NV dropped after missing analysts\u2019 earnings estimates.<\/p>\n
With money markets pricing in a Federal Reserve rate cut next week and Treasuries on track for their best monthly performance since February, investors will likely look past any evidence of stubborn inflation in Friday\u2019s consumer price index report, which comes after a more-than-three-week data vacuum due to the US government shutdown. Treasury yields and a gauge of the dollar was steady.<\/p>\n
\u201cWhatever the print looks like, it won\u2019t deter the FOMC from delivering a 25 basis-point cut next week, or at the December meeting, even if there will probably be some knee jerk volatility as the data crosses,\u201d said Michael Brown, a senior research strategist at Pepperstone Group Ltd.<\/p>\n
<\/p>\n
Brent crude oil held above to $65 a barrel after rallying more than 5% as US President Donald Trump imposed sanctions on Russian producers. Gold is set to snap a nine-week winning run, following a sharp correction as the market reassessed a rally that had pushed the metal into overbought territory. Bullion slipped below $4,100 an ounce on Friday, putting it on track for a weekly decline of more than 3%, the most since May.<\/p>\n
Sentiment was helped by a White House announcement that President Trump will meet his Chinese counterpart Xi Jinping, a chance for cooler heads to prevail after a recent flare-up in trade tensions. The two leaders will talk next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit, their first face-to-face meeting since Trump returned to power.<\/p>\n
\u201cThe confirmation of a Xi\u2013Trump meeting gave markets a clear reason for a relief rally today,\u201d said Hebe Chen, an analyst at Vantage Markets in Melbourne. \u201cNot from hopes of warmer U.S.\u2013China relations ahead, but from the perception that any progress is better than stalemate, and that a new deal before the truce deadline now appears more attainable.\u201d<\/p>\n
Other trade conflicts continue to simmer, however. Trump halted all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan. Canadian bonds fell and the currency weakened.<\/p>\n
Meanwhile, Chinese officials pledged to \u201cgreatly increase\u201d the country\u2019s strength and capacity for self-reliance in science and technology in the next five years, according to a communique released Thursday after a four-day conclave of the Communist Party\u2019s Central Committee. Although the statement contained few surprises for investors, it confirmed Beijing\u2019s commitment to bolster the tech sector.<\/p>\n
WATCH: Blackstone\u2019s Jon Gray speaks as the firm sent the strongest signal yet that private equity dealmaking is coming back.Source: Bloomberg <\/p>\n
Let us know<\/p>\n
Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
The Stoxx Europe 600 fell 0.1% as of 9:07 a.m. London time<\/p>\n
S&P 500 futures rose 0.2%<\/p>\n
Nasdaq 100 futures rose 0.3%<\/p>\n
Futures on the Dow Jones Industrial Average were little changed<\/p>\n
The MSCI Asia Pacific Index rose 0.5%<\/p>\n
The MSCI Emerging Markets Index rose 0.5%<\/p>\n
Currencies<\/p>\n
The Bloomberg Dollar Spot Index was little changed<\/p>\n
The euro was little changed at $1.1616<\/p>\n
The Japanese yen fell 0.2% to 152.85 per dollar<\/p>\n
The offshore yuan was little changed at 7.1258 per dollar<\/p>\n
The British pound fell 0.1% to $1.3310<\/p>\n
Cryptocurrencies<\/p>\n
Bitcoin rose 1.3% to $110,945.08<\/p>\n
Ether rose 2.7% to $3,936.21<\/p>\n
Bonds<\/p>\n
The yield on 10-year Treasuries was little changed at 4.01%<\/p>\n
Germany\u2019s 10-year yield advanced three basis points to 2.61%<\/p>\n
Britain\u2019s 10-year yield was little changed at 4.42%<\/p>\n
Commodities<\/p>\n
Brent crude was little changed<\/p>\n
Spot gold fell 1.4% to $4,067.95 an ounce<\/p>\n
This story was produced with the assistance of Bloomberg Automation.<\/p>\n
–With assistance from Winnie Hsu and Elizabeth Stanton.<\/p>\n
Most Read from Bloomberg Businessweek<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"(Bloomberg) — US equity futures gained as trade tensions eased and investors stuck to bets on Federal Reserve…\n","protected":false},"author":2,"featured_media":248135,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[7904,28,135504,11529,2800,12299,135503,942,135505,25801,3649,135502],"class_list":["post-248134","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bloomberg","tag-business","tag-companies-reporting-earnings","tag-consumer-price-index","tag-federal-reserve","tag-jon-gray","tag-norsk-hydro-asa","tag-president-donald-trump","tag-president-ronald-reagan","tag-stoxx-europe-600","tag-trade-tensions","tag-vantage-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/248134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=248134"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/248134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/248135"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=248134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=248134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=248134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}