Market focus is largely attuned to global trade developments, amid hopes Washington and Beijing could reach a truce in their trade war.
On Wednesday, Trump said a bilateral meeting with his Chinese counterpart could lead to a trade deal but warned he was prepared to impose tariffs on virtually all remaining Chinese imports if talks faltered once again.that officials from Washington and Beijing had tentatively agreed to resume talks aimed at resolving the dispute. The report could not be independently verified by CNBC.
An agreement between Trump and Xi at the G-20 summit in Japan would avert the next round of tariffs on additional $300 billion worth of Chinese imports., GDP prices and the latest jobless claims figures will be released at around 8:30 a.m. ET. Pending home sales for May and Kansas City Fed survey data for June will follow slightly later in the session.
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