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Letter from Washington

Political Insider

“U.S. Futures Point to Opening Gain as Mnuchin Flies to China for Trade Talks.”  This morning’s Wall Street Journal article leads with:
U.S. stock futures edged higher Monday as U.S. officials arrived in Beijing to start another round of trade negotiations with China.After trading around the flatline for much of the morning, S&P 500 futures and Dow Jones Industrial Average futures rose 0.2% apiece. Changes in futures don’t necessarily reflect moves after the opening bell.The Stoxx Europe 600 rose 0.6%, while major indexes in Asia ended mixed.Investors are starting the week with a close eye on trade talks between Washington and Beijing, with U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin landing in Beijing Monday and scheduled to meet with China’s vice premier later in the week.

Political Insider

About Pete Davis

Pete Davis

Pete Davis advises Wall Street money managers on Washington, DC policy developments that affect the financial markets. Visit his website here daviscapitalinvestmentideas.yolasite.com.

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