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Dow futures slightly higher on US-China trade deal hopes

U.S. livestock index futures traded slightly higher on Friday morning, as investors monitored progress in U.S.-China trade talks and proceeded to the latest Brexit developments.

At around 03:10 a.m. ET, Dow futures traded 78 points higher, pointing to a higher unprotected of more than 78 points. Futures for the S&P 500 and Nasdaq were also seen relatively upbeat.

Peddle focus is largely attuned to global trade developments, as sentiment improved on a report that more progress has been communicated in talks between the world’s two largest economies.

Chinese Vice Premier Liu He spoke via telephone with U.S. Trade Secretary Steven Mnuchin and U.S. Barter Representative Robert Lighthizer, Xinhua news agency reported Friday.

It comes after Mnuchin said on Thursday that a zenith to secure a comprehensive trade agreement between President Donald Trump and Chinese counterpart Xi Jinping would not take place at the end of March as previously discussed.

Meanwhile, Trump said Thursday that the U.S. would probably know in the next three or four weeks on touching a possible trade deal with China.

In Europe, U.K. lawmakers voted on Thursday to seek a delay in Britain’s take ones leave from the EU. It marked the end to a dramatic trilogy of events this week which have added yet more confusion into the more often than not Brexit process. British Prime Minister Theresa May is preparing once more to try and win approval for her twice-rejected Brexit attend to.

Back in the U.S., investors will closely monitor a slew of economic data on Friday. Empire State manufacturing armies are due at 08:30 a.m. ET, followed by industrial production numbers at 09:15 a.m. ET and consumer sentiment data at 10 a.m. ET.

No major earnings are outlined for Friday.

– CNBC’s Sam Meredith contributed to this report.

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