Apple stock could touch record highs today
Dow Jones Industrial Average (DJI) futures are rallying before the opening bell, trading almost 300 points above fair value. Traders appear to be expecting good news on the trade front, with the U.S and China set to wrap up a week's worth of negotiations with a meeting between President Donald Trump and Chinese Vice Premier Liu He. Media reports have been suggesting a "partial deal," as the China Daily newspaper described it, could be reached, and the buzz has tech heavyweights trading higher pre-market -- including Apple (AAPL), which is nearing record highs. As such, the Dow and S&P 500 Index (SPX) look poised to trim their weekly losses.
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Stocks in Asia moved higher today, as traders priced in optimism over U.S.-China trade progress following a tweet from Trump, saying he will be meeting with Premier Liu He today. Japan's Nikkei saw a 1.2% lift after well-received earnings from retail giant Fast, while the Kospi in South Korea moved 0.8% higher. Hong Kong's Hang Seng Index surged 2.3%, while China's Shanghai Composite rose just shy of 0.9%.
As Brexit continues to be at the forefront of Britain's news, European stocks are moving notably higher in afternoon trading. Specifically, U.K. Brexit secretary Stephen Barclay is in discussions today with European Union (EU) chief negotiator Michel Barnier, sending London's FTSE 100 0.4% higher, even as the pound extends Thursday's gains. Meanwhile, Germany's DAX has climbed 2.2%, while France's CAC 40 is sporting a 1.2% lead, with SAP and Renault both gaining ground on executive shake-ups.