US STOCKS-Futures rise on trade deal relief; business activity data awaited

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* Futures up: Dow 0.87%, S&P 0.78%, Nasdaq 0.65%

By Pawel Goraj
June 23 (Reuters) - U.S. stock index futures rose on Tuesday
after President Donald Trump reassured investors the trade
agreement with China was intact, while upbeat business activity
data from Europe boded well for U.S. surveys due later.
"The China Trade Deal is fully intact," Trump tweeted late
on Monday after White House adviser Peter Navarro sparked
confusion by saying the deal was over, roiling risk assets
globally and sending S&P stock futures down as much as 1.7%.
Monetary and fiscal support worth trillions of dollars,
businesses restarting and encouraging economic data have pushed
the benchmark S&P 500 .SPX about 42% higher from its pandemic
low hit in March. It is now just about 8% below its Feb. 19
record high.
A boost from technology stocks helped Wall Street's three
major indexes close higher in the previous session with the
tech-heavy Nasdaq .IXIC registering its fourth record closing
high this month.
After European stock markets were boosted by
better-than-feared business activity surveys for June, all eyes
will be on U.S. manufacturing and services sector PMI numbers,
due 9:45 a.m. ET (1345 GMT).
At 6:32 a.m. ET, Dow e-minis 1YMcv1 were up 225 points, or
0.87%. S&P 500 e-minis EScv1 were up 24.25 points, or 0.78%
and Nasdaq 100 e-minis NQcv1 were up 65.5 points, or 0.65%.
In company news, Translate Bio TBIO.O soared 73% in
premarket trading on plans to expand a vaccine collaboration
with Sanofi SASY.PA in a deal that could earn the U.S. biotech
company more than $2 billion from the French drugmaker.
Boeing Co's BA.N top supplier Spirit AeroSystems Holdings
SPR.N slipped 4.8% as it said it was seeking relief from
lenders as its finances were stretched by the COVID-19 pandemic
and a 737 MAX production halt.