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"The China Trade Deal is fully intact," Trump tweeted late on
Monday after White House adviser Peter Navarro sparked confusion
by saying the deal was over, roiling risk assets globally and
sending S&P stock futures down as much as 1.7%.
Monetary and fiscal support worth trillions of dollars,
businesses restarting and encouraging economic data have pushed
the benchmark S&P 500 about 42% higher from its pandemic low hit
in March. It is now just about 8% below its Feb. 19 record high.
A boost from technology stocks helped Wall Street's three major
indexes close higher in the previous session with the tech-heavy
Nasdaq registering its fourth record closing high this month.
After European stock markets were boosted by better-than-feared
business activity surveys for June, all eyes will be on U.S.
manufacturing and services sector PMI numbers, due 9:45 a.m. ET
(1345 GMT).
At 6:32 a.m. ET, Dow e-minis were up 225 points, or 0.87%. S&P
500 e-minis were up 24.25 points, or 0.78% and Nasdaq 100
e-minis were up 65.5 points, or 0.65%.
In company news, Translate Bio soared 73% in premarket trading
on plans to expand a vaccine collaboration with Sanofi in a deal
that could earn the U.S. biotech company more than $2 billion
from the French drugmaker.
Boeing Co's top supplier Spirit AeroSystems Holdings slipped
4.8% as it said it was seeking relief from lenders as its
finances were stretched by the COVID-19 pandemic and a 737 MAX
production halt.
(Reporting by Pawel Goraj in Gdansk and Medha Singh in Bengaluru;
Editing by Arun Koyyur)
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