US pre-open: Futures higher as trade tensions ease ahead of Trump-Xi meeting
By Iain Gilbert
Date: Monday 27 Oct 2025
(Sharecast News) - Wall Street futures were firmly in the green ahead of the bell on Monday as trade tensions continued to ease ahead of Donald Trump's meeting with Chinese President Xi Jinping.
As of 1215 GMT, Dow Jones futures were up 0.51%, while S&P 500 and Nasdaq-100 futures were up 0.84% and 1.28%, respectively.
The Dow closed 472.51 points higher on Friday, with all three major indices hitting fresh record highs.
Stock futures jumped on Monday after officials from the US and China signalled progress on trade talks over the weekend, laying the groundwork for a potential deal between Donald Trump and Xi Jinping later this week.
Speaking from the ASEAN Summit in Kuala Lumpur, Treasury Secretary Scott Bessent said a "successful framework" was in place for the leaders to discuss on Thursday, with the framework reportedly including a delay to China's rare earth export restrictions, a reversal of Trump's threatened 100% tariffs due to begin on 1 November, and a resumption of Chinese soybean purchases. A resolution to the TikTok dispute may also be part of the agreement.
Trump said from Air Force One: "I have a lot of respect for President Xi, and we are going to come away with the deal."
Chipmakers led pre-market gains on Monday, while US-listed rare earth miners traded lower prior to the open.
Elsewhere, sentiment was somewhat capped by fresh tensions with Canada after Trump imposed an additional 10% tariff on Canadian imports over the weekend, citing a failure to withdraw a television ad featuring former president Ronald Reagan criticising tariffs.
On the macro front, the Dallas Federal Reserve's October manufacturing index will be published at 1430 GMT.
No major corporate earnings were slated for release on Monday, but a number "Magnificent 7" stocks will release their third-quarter earnings this week, including Alphabet, Amazon, Apple, Meta Platforms and Microsoft.
Reporting by Iain Gilbert at Sharecast.com
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