1. US-China saga continues
Beijing has opened a new round of trade talks between the US and China after the latest series of talks ended last week in Washington without an agreement.
Lower-level officials began meeting Monday, led by US Deputy Trade Representative Jeffrey Gerrish.
Then, on Thursday and Friday, talks will be held at a higher level with US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin.
The two sides are trying to reach an agreement before the deadline of March 1, when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25% from 10%.
2. The US government is preparing for another closure
Political headlines will remain the focus after talks on funding for border security have collapsed, as Democrats and Republican MP’s have come up against immigration detention policies.
“Negotiations are stagnating at the moment,” Republican Senator Richard Shelby told Fox News on Sunday. He said the impasse came because of Democrats’ desire to limit the number of beds in detention facilities for people entering the country illegally.
Democratic and Republican lawmakers have to agree to a budget deal by Friday to prevent another government shutdown.
3. US Futures point to green
US stock futures point to a higher opening at the beginning of the week, as investors are watching close talks on the deal between US and China as well as political events.
At 12:20 GMT (GMT +2), blue-chip futures (DJIA) climbed 97 points, or around 0.4 percent, S & P 500 futures by 11 points, or approximately 0.4 percent, while Nasdaq 100 technology futures showed higher 36 points, or about 0.5%.
Trader Milko Zashev