• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Futures rise after Biden-Xi call, oil bounce

September 10, 2021 by David Barret Leave a Comment

September 10, 2021

(Reuters) – U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China added to recent data that soothed fears of a slowdown in the economic recovery.

Traders read news of a phone call between U.S. President Joe Biden and Chinese leader Xi Jinping, their first talks in seven months, as a positive sign that could bring a thaw in ties between the world’s two most important trading partners. [MKTS/GLOB]

U.S.-listed Chinese e-commerce companies Alibaba and JD.com, ride-hailing firm Didi, music streaming company Tencent Music and electric car maker Nio Inc all gained between 0.6% and 2.7%.

The energy sector was the top gainer, with Exxon Mobil, Occidental Petroleum, Chevron, Halliburton rising between 0.9% and 1.9%, as they tracked higher oil prices on signs of supply tightness. [O/R]

Data on Thursday showed weekly jobless claims fell to a near 18-month low, allying concerns about economic growth but also stoking fears that the Federal Reserve could act faster to scale back stimulus.

At 6:59 a.m. ET, Dow e-minis were up 177 points, or 0.51%, S&P 500 e-minis were up 18.75 points, or 0.42%, and Nasdaq 100 e-minis were up 64.25 points, or 0.41%.

While futures pointed to opening gains on Friday, the three major U.S. stock indexes were on track to end the week lower as big banks turned skeptical about further gains for record-high markets due to concerns over tighter monetary policy and the fast-spreading Delta variant of the coronavirus.

Economy-sensitive S&P 500 sub-sectors such as energy, real estate, industrials and materials led declines so far this week.

Heavyweight tech stocks Apple, Microsoft, Google owner Alphabet and Amazon were up around 0.4% each.

Investors were awaiting producer prices data for August, due at 08:30 a.m. ET. The index was expected to climb to 8.2% in August, from 7.8% in the previous month.

(Reporting by Shashank Nayar in Bengaluru; Editing by Aditya Soni)

Source Link Futures rise after Biden-Xi call, oil bounce

David Barret
David Barret

Related posts:

  1. Tennis – U.S. Open order of play on Saturday
  2. Tennis – ‘Everyone suddenly is against me’: Tsitsipas defiant on U.S. Open exit
  3. Raisi says Iran ready for nuclear talks, but not under Western ‘pressure’ – TV
  4. Tennis-Nobody beats Shelby Rogers six times in a row

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • 24-Million-Year-Old Protein Fragments Are Oldest Ever Recovered, A Robot Listened To Spoken Instructions And Performed Surgery, And Much More This Week
  • DNA From Greenland Sled Dogs – Maybe The World’s Oldest Breed – Reveals 1,000 Years Of Arctic History
  • Why Doesn’t Moonrise Shift By The Same Amount Each Night?
  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Did We Accidentally Leave Life On The Moon In 2019 – And Could We Revive It?
  • 1.8 Million Years Ago, Two Extinct Humans Had One Of The Gnarliest Deaths In History
  • “Powerful Image” Of One Of The World’s Rarest Tigers Exposes The Real Danger In Taman Negara
  • Evolution, Domestication, And A Lot Of Very Good Boys: How Wolves Became Dogs
  • Why Do Orcas Have White Spots Near Their Eyes?
  • Tomb Of First King Of Ancient Maya City Discovered In Belize
  • The Real Reason The Tip Of Your Tape Measure Wiggles Like That
  • The “Haunting” Last Message From NASA’s Opportunity Rover, Sent From Inside A Planet-Wide Storm
  • Adorable Video Proves Not All Gorillas Hate The Rain. It Might Even Win One A Mate
  • 5,000-Year-Old Rock Art May Show One Of Ancient Egypt’s First Rulers
  • Alzheimer’s-Linked Protein Levels “20 Times Higher” In Newborn Babies – What Does This Mean?
  • Americans Were Asked If They Thought Civil War Was Coming. The Results Were Unexpected
  • Voyager 1 & 2 Could Be Detected From Almost A Light-Year Away With Our Current Technology
  • Dams Have Nudged Earth’s Poles By Over 1 Meter In The Past 200 Years
  • This Sugar Could Be A Cure For Male Pattern Baldness – And It’s Been In Our Bodies All Along
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version