US Stock Futures Rise Amid Trade Policy Optimism
U.S. stock index futures increased on optimism about a potential trade deal involving President Trump, with chip stocks gaining traction. Discussions about tariffs and economic impacts led investors and the Federal Reserve to adopt a cautious approach, with particular attention on interest rates and monetary policy adjustments.
On Thursday, U.S. stock index futures rose, driven by optimism surrounding a possible breakthrough in trade policy announced by the Trump administration. Chip stocks gained further momentum following reports of potential reductions in export curbs.
President Donald Trump's announcement of a Thursday news conference regarding a trade deal with a significant foreign nation generated buzz, hinting at a possible agreement with the UK. This development would mark a pivotal trade agreement following a recent pause in tariff impositions by the U.S.
Despite these developments, investor uncertainty remains due to the erratic nature of Trump's trade policies. The Federal Reserve, cautious about inflation and unemployment risks, held interest rates steady, with traders now expecting a rate cut only by September.
(With inputs from agencies.)
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