US STOCKS-Futures edge higher on trade truce hopes

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* Futures: Dow flat, S&P up 0.20%, Nasdaq up 0.29%

By Shreyashi Sanyal
June 27 (Reuters) - U.S. equity futures edged higher on
Thursday following a report that the United States and China had
agreed to a tentative truce in their trade dispute before a G20
summit this weekend, but gains were tempered by Boeing shares
after more 737 MAX woes.
Washington and Beijing were laying out an agreement that
would help avert the next round of tariffs on an additional $300
billion of Chinese imports, the South China Morning Post
reported, citing sources. On Wednesday, President Donald Trump said a trade deal with
his Chinese counterpart, Xi Jinping, was possible this weekend,
though he was prepared to impose tariffs on virtually all
remaining Chinese imports if talks fail. Semiconductor companies, which have a sizable revenue
exposure to China, were trading higher, with Advanced Micro
Devices Inc AMD.O , Nvidia Corp NVDA.O and Intel Corp
INTC.O up between 0.5% and 1.7%.
Boeing Co BA.N fell 3.1% and was the biggest decliner
among the 24 Dow components trading premarket, after Reuters
reported that the U.S. Federal Aviation Administration
identified a new flaw in the planemaker's grounded 737 MAX jets.

At 7:08 a.m. ET, Dow e-minis 1YMcv1 were down 7 points, or
0.03%. S&P 500 e-minis EScv1 were up 5.75 points, or 0.2% and
Nasdaq 100 e-minis NQcv1 were up 22.5 points, or 0.29%.
Investors are hoping for a resolution of the trade war,
which has rattled investors who have ditched shares for the
safety of bonds and gold this year and pushed the Federal
Reserve to signal an interest rate cut as soon as next month.
On the data front, the U.S. Commerce Department is scheduled
to report economy expanded at a 3.1% annualized rate in its
third reading of first-quarter GDP growth. The data is due at
8:30 a.m. ET.