Wall Street Futures Point To Higher Open

Wednesday,   20-Jun-2018   03:33 PM (IST)

U.S. stock futures pointed to a higher open, as global stocks recovered amid a lull in an escalating trade dispute between the United States and China.The blue-chip Dow futures were up 115 points, or around 0.5%, putting the index on track to break a six-day losing streak.The S&P 500 futures ticked up 8 points, or 0.3%, while the tech-heavy Nasdaq 100 futures indicated a gain of 20 points, or roughly 0.3%.U.S. stocks stumbled on Tuesday, as intensifying worries over a brewing trade war between the U.S. and China rattled markets.Investors will again remain attuned to any news on the trade front out of the White House as the relatively slow week of scheduled economic and corporate news continues.The economics calendar will bring investors the May report on existing home sales as the highlight, with economists forecasting sales rose 1.5% to an annualized pace of 5.52 million homes.The earnings calendar will be pretty empty with Micron the only notable company reporting results.Elsewhere, European markets were higher for the first time in four sessions, led by gains for markets in Germany, where the DAX popped 0.5%.Earlier, Asia stocks rose firmly across the board, as the prospect of central bank support from the People's Bank of China helped ease worries over the deepening trade dispute between Washington and Beijing.