U.S. and China agreed to hold high-level talks in early October.

Posted on September 6, 2019

They agreed to meet in early October for another round of negotiations, according to the Chinese Commerce Ministry. China insiders have also hinted that the upcoming trade talks could lead to a “breakthrough.”

Market focus is largely attuned to global trade developments, U.S. stock index futures traded higher on Friday morning as investors looked ahead to non-farm payroll numbers due later in the day.

The New York Federal Reserve puts the chance of a recession at 39% in the next 12 months, the highest level since the Great Recession that ended in mid-2009.