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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".