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Futures higher on trade optimism; inflation data awaited

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U.S. stock index futures rose on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive ...

REUTERS: U.S. stock index futures rose on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive note and investors awaited inflation data.

Wall Street was rattled by fears of economic growth after the Federal Reserve abandoned projections for any interest rate hikes in 2019 and the U.S. Treasury yield curve inverted for the first time since 2007 last week.The yield curve between three-month bills and 10-year notes remains inverted, and if it persists, it could indicate a recession is likely in one to two years.A gradual rise in 10-year Treasury yields has lifted the shares of big lenders in premarket trading.

At 7:15 a.m. ET, Dow e-minis were up 107 points, or 0.42 percent. S&P 500 e-minis were up 11.5 points, or 0.41 percent and Nasdaq 100 e-minis were up 34 points, or 0.46 percent. Gilead Science rose 2.8 percent after the drugmaker's Belgian partner Galapagos said it had seen positive results from several trials of its arthritis drug.

 

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