Hong Kong eased extradition bill tensions

Early today futures increased by 300 points, leading to a positive opening of more than 305 points.

Yesterday U.S. futures surged due to the positive news that the U.S. and China had agreed to go back to the table in early October for another series of trade discussions. Futures in both countries went higher.

On Thursday China’s Commerce Ministry published a statement during Asia session, stating that China’s top negotiator about trade had spoken with U.S. Treasury Secretary Steven Mnuchin and Robert Lighthizer the Trade Representative.

On Thursday, Oil improved bouncing from its earlier declines. The improvement came after the U.S. confirmed that the discussions with China will be resumed in the coming weeks in order to strike a trade deal. That confirmation is now providing support to the hope that the conflict that has disturbed the global economies all these months will probably get resolved. WTI went up 17 cents, to $56.43 a barrel, and up to now increased more than 4.0% the previous session. That was the largest percentage increase since July. Brent crude gained 21 cents reaching $60.90.