- US equity futures climbed as officials signaled optimism about a Trump-Xi summit this week, with S&P 500 contracts up 0.7% and Nasdaq 100 futures up 1.1% as of 7:46 a.m. in New York.
- Oil prices fell as investors positioned for the expected Trump-Xi meeting.
- The US and China set up an AI dialogue alongside the summit diplomacy.
- Warner Bros. Discovery and Paramount Skydance led premarket gains on settlement talks with California officials over their deal.
Quotes
“Contracts on the S&P 500 Index climbed 0.7% as of 7:46 a.m. in New York, with gains from Warner Bros. Discovery Inc. and Paramount Skydance Corp. leading in the premarket session on settlement talks with California officials over their deal.”
“Also in today's newsletter: oil prices fall and the US and China set up AI dialogue”