U.S. Index Futures Rise as Trump Delays March Tariff Increase

Trump says it was a ‘‘very good weekend’’ for trade talks
Xinhua News Agency says talks face ‘‘new uncertainties’’

U.S.-China Truce Extremely Positive for Asian Assets, Says Bank of Singapore’s CIO

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By Matthew Burgess and Gabriella Lovas

February 24, 2019 at 11:19 PM UTC

Updated on

February 25, 2019 at 9:51 AM UTC

This article is for subscribers only.

U.S. stock-index futures rose as President Donald Trump said he would delay a planned increase in tariffs on Chinese goods after a “very good weekend” of talks. European stocks also advanced after U.K. Prime Minister Theresa May pushed back the deadline for Parliament to vote on her Brexit deal. The telecommunications sector will be in focus this week, with the Mobile World Congress taking place in Barcelona.

E-mini contracts on the S&P 500 Index expiring March extended gains again to 0.4 percent as of 9:40 a.m. in London, after paring an advance when China’s official Xinhua News Agency published a more skeptical commentary. Futures on the Dow Jones Industrial Average and Nasdaq 100 Index gained 0.5 percent. The Stoxx Europe 600 Index was up 0.3 percent, with sectors that are sensitive to trade news including miners, semiconductors and autos among those to be leading the advance.