US pre-open: Futures little changed ahead of US-China talks
By Iain Gilbert
Date: Monday 09 Jun 2025
(Sharecast News) - Wall Street futures were pointing to a somewhat muted open ahead of the bell on Monday as US-China trade tensions remained in focus.
As of 1245 BST, Dow Jones and S&P futures had both indices opening 0.08% firmer, while Nasdaq-100 futures were down 0.01%.
The Dow closed 443.13 points higher on Friday as market participants digested last month's all-important non-farm payrolls report and shrugged off the very public breakdown in Donald Trump and Elon Musk's relationship.
Trade talks between officials from the US and China were expected to take place in London on Monday and will likely be Monday's primary focus as both nations hope to de-escalate tensions over rare-earth minerals following a phone conversation between Donald Trump and Chinese president Xi Jinping. The meeting comes hot on the heels of a sharp 34% decline in Chinese exports to the US in May - the steepest monthly drop in half a decade.
Trade Nation's David Morrison said: "US stock index futures were little changed in early trade on Monday. Having sat on their hands ahead of Friday's non-farm [ayrolls, investors were repeating the process as they await updates from today's US-China trade talks in London. This aside, there's little of interest on today's economic calendar. But later this week, there are key inflation prints, CPI and PPI, which come ahead of next week's FOMC meeting. Also of note, the original meme stock, GameStop, announces earnings on Tuesday."
On the macro front, April wholesale inventories figures will be published at 1500 BST.
In the corporate space, Apple's 2025 Worldwide Developers Conference will also draw an amount of investor attention on Monday.
Reporting by Iain Gilbert at Sharecast.com
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