U.S.-China Nearing Trade Deal, Futures Point to Higher Open

With little data on the economic calendar, markets will likely focus more heavily on trade-related headlines following reports the U.S. and China were close to striking a deal to end a bitter year-long trade dispute.

U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.

The two countries appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, while Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. goods.