EU and US could reach trade deal this weekend - Reuters
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* Futures: Dow up 0.22%, S&P up 0.06%, Nasdaq off 0.30%
By Pawel Goraj
June 29 (Reuters) - Futures tracking the S&P 500 and the Dow
Jones indexes edged higher on Monday following a selloff on Wall
Street last week as investors weighed hopes of more stimulus and
improving data against a resurgence in global coronavirus cases.
Wall Street's major indexes had tumbled more than 2% on
Friday as several U.S. states imposed business restrictions in
response to the surge in COVID-19 cases. Stocks in Asia and
Europe were muted overnight as the global death toll from the
respiratory illness crossed half a million on Sunday.
MKTS/GLOB
The benchmark S&P 500 .SPX has rallied since a
coronavirus-driven crash in March, up about 16% since April and
set for its best quarter since 1998, partly on a raft of U.S.
fiscal and monetary stimulus.
This week, investors will focus on employment, consumer
confidence and manufacturing data for June for signs of whether
the U.S. economy will continue to rebound after indications of a
pickup in May.
At 6:44 a.m. ET, Dow e-minis 1YMcv1 were up 54 points, or
0.22%, S&P 500 e-minis EScv1 were up 1.75 points, or 0.06% and
Nasdaq 100 e-minis NQcv1 were down 30 points, or 0.3%.
Among stocks, Boeing Co BA.N rose 3.2% in premarket trade
after the Federal Aviation Administration confirmed on Sunday it
had approved key certification test flights for the grounded 737
MAX that could begin as soon Monday. Facebook Inc FB.O looked set to extend declines from
Friday as a report said PepsiCo Inc PEP.O was set to join a
growing number of companies pulling ad dollars from the social
media platform.