China says it hopes can reach a solution with U.S. on trade
Stock-index futures appeared to get a lift Thursday after a spokesperson for China's foreign ministry said Beijing still hoped it could work out a solution to the trade conflict with the U.S. Referring to the meeting between President Donald Trump and Chinese leader Xi Jinping in June, the spokesperson said: "We hope the U.S. can work in concert with China to implement the two presidents' consensus that was reached in Osaka, and to work out a mutually acceptable solution through equal-footed dialogue and consultation with mutual respect." The spokesperson said Xi and Trump have remained in contact via meetings, phone calls and letters. The remarks came after China earlier said it was prepared to take unspecified steps to retaliate for planned tariffs on Chinese goods scheduled to take effect on Sept. 1. Stock-index futures erased earlier weakness to turn higher following the latest remarks, with Dow futures also buoyed by upbeat results from Walmart Inc. S&P 500 futures were 0.6% higher at 2,857.50, while Dow futures advanced 134 points, or 0.6%, to 25,589.
Published:8/15/2019 7:48:05 AM