Investing.com – U.S. futures rose on Monday as fresh Chinese data suggested the world’s second-largest economy is rebounding, easing concern about a global slowdown.
China’s manufacturing purchasing managers index increased the most in a month since 2012, as fresh stimulus in the economy seemed to have helped the powerhouse recover.
rose 177 points or 0.7% by 6:50 AM ET (10:50 GMT), while gained 17 points or 0.6% and tech-heavy was up 66 points or 0.9%.
Meanwhile, trade talk progress between the U.S. and China also helped lift sentiment. China has said it will extend its suspension of tariffs on U.S. autos and include the opioid fentanyl in a list of controlled substances, setting a positive tone as the two countries continue trade talk discussions.
Vice Premier Liu He, China’s trade envoy, is expected to resume talks in Washington this week.
Semiconductor companies were among the top gainers in premarket trading, with Advanced Micro Devices Inc (NASDAQ:) up 2.7% and Micron (NASDAQ:) gaining 2.5%.
Netflix (NASDAQ:) rose 1.2%, while Tesla (NASDAQ:) was up 0.8% and Aurora Cannabis (NYSE:) jumped 3.5%.
Elsewhere, Ryanair (NASDAQ:) fell 4.6% as rival blamed Brexit for a weak yearly outlook.
On the economic front, figures for February come out at 8:30 AM ET (12:30 GMT). Later, the U.S. Institute of Supply Management will release its monthly survey on activity at 10:00AM ET (14:00 GMT).
In commodities, fell 0.3% to $1,294.55 a troy ounce, while jumped 0.8% to $60.59. The , which measures the greenback against a basket of six major currencies, slipped 0.2% to 96.688.
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