United States

Stock futures jump after China’s positive comments on trade

US stock index futures jumped about one percent Thursday morning as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession. China’s commerce ministry said both sides are discussing the next round of talks scheduled in September and hoped American officials could cancel the planned additional tariffs to avoid an escalation, boosting sentiment and driving global stocks higher. Trade-sensitive stocks such as Apple and Boeing rose more than a percent in premarket trading. Chipmakers, which draw a large part of their revenue from China also gained, with Intel, Qualcomm, Advanced Micro Devices and Nvidia up between 0.9 percent and 2.3 percent. The Trump administration ...