US STOCKS-Wall St set for higher open as trade deal hopes build

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* U.S.-China 'very close' to phase one trade deal - report

* Tiffany jumps after agreeing to $16.2 bln offer from LVMH

* TD Ameritrade rises on $26 bln deal with Charles Schwab

* Futures up: Dow 0.25%, S&P 0.26%, Nasdaq 0.36%

(Adds comments, updates market action)

By Arjun Panchadar

Nov 25 (Reuters) - Wall Street's main indexes were set to

open higher on Monday as expectations of a U.S.-China trade

truce were strengthened by a report that the two sides were

nearing an agreement, while a raft of blockbuster deals also

buoyed sentiment.

Beijing and Washington were "very close" to a "phase one"

trade deal, Chinese state-backed tabloid Global Times said,

lifting the mood further after U.S. national security adviser

Robert O'Brien said on Saturday that a pact was still possible

by the end of the year. Trade-sensitive stocks, including Caterpillar Inc CAT.N ,

Micron Technology Inc MU.O and Applied Materials Inc AMAT.O ,

rose between 0.6% and 1% in premarket trading.

"You have positive comments on trade, and you have Schwab

buying TD Ameritrade which is going to be supportive to the

overall market," said Robert Pavlik, chief investment strategist

and senior portfolio manager at SlateStone Wealth LLC in New

York.

"I think it (Global Times report) speaks to the same thing.

People are hopeful some type of agreement gets signed before the

end of the year and we can move on to something further along on

trade."

The benchmark S&P 500 .SPX last week snapped a six-week

winning streak and the tech-heavy Nasdaq .IXIC registered its

first weekly drop in eight weeks amid conflicting reports over a

trade truce.

Trade deal hopes and robust third-quarter corporate earnings

had helped Wall Street's main indexes hit record highs this

month.

At 8:40 a.m. ET, Dow e-minis 1YMcv1 were up 70 points, or

0.25%. S&P 500 e-minis EScv1 were up 8 points, or 0.26% and

Nasdaq 100 e-minis NQcv1 were up 30 points, or 0.36%.

Shares of Tesla Inc TSLA.O rose 3.6% premarket after Chief

Executive Officer Elon Musk indicated in a tweet on Sunday that

the carmaker received 200,000 orders for its electric pickup

truck within three days of launch. Tiffany & Co TIF.N gained 5.6% after the luxury jeweler

agreed to a sweetened $16.2 billion deal with France's LVMH

LVMH.PA . U.S. discount brokerage TD Ameritrade Holding Corp AMTD.O

was up 2.2% after larger rival Charles Schwab Corp SCHW.N said

it would buy the company in an all-stock deal valued at about

$26 billion. Schwab was down about 2%.

Uber Technologies Inc UBER.N fell 4.3% as the ride-hailing

company was stripped of its London operating license for the

second time in just over two years. Netflix Inc NFLX.O slipped 1% after Wells Fargo downgraded

shares of the streaming service to "underperform" from "market

perform".