U.S. stock index futures indicated a slightly higher open Tuesday

Posted on August 27, 2019

Sentiment got a lift again on Tuesday after China announced measures aimed at boosting consumption, including potentially removing car-buying restrictions. Auto stocks rose broadly on the news.

Comments from two of the world’s two largest economies on Monday suggested a potential rapprochement following an escalation of trade tensions over the weekend.

Following the Group of Seven (G-7) summit in Biarritz, France on Monday, President Donald Trump predicted a trade deal with China, citing economic pressure on Beijing, while China also called for a resolution to the ongoing dispute.