US STOCKS-Futures climb as U.S.-China trade talks resume

Reuters

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    * Futures up: Dow 0.26 pct, S&P 0.25 pct, Nasdaq 0.35 pct 

    By Amy Caren Daniel
    Feb 11 (Reuters) - U.S. stock index futures rose on Monday
as the latest trade talks between the United States and China
began in Beijing, while U.S. lawmakers attempted to hammer out a
deal to avoid another government shutdown.
    China struck an upbeat note on the talks and the Shanghai
exchange rose 1 percent after a week-long Lunar New Year
holiday, but a U.S. Navy mission through the disputed South
China Sea weighed on sentiment.  urn:newsml:reuters.com:*:nL3N20614C
    The latest discussions come against the backdrop of last
month's negotiations ending without a deal and the top U.S.
negotiator declaring that a lot more work needed to be done. 
    The S&P 500  .SPX  ended last week flat, largely due to the
trade uncertainty and worries of a global economic slowdown.
    Still, the benchmark index is about 15 percent above its
December lows, helped in part by a dovish Federal Reserve and
largely upbeat earnings reports.
    The fourth-quarter earnings season has entered its home
stretch, with 71.5 percent of the S&P 500 companies that have
reported results topping profit estimates, according to IBES
data from Refinitiv.
    But analysts' estimates for first-quarter earnings for S&P
companies have turned negative.  They expect a decline of 0.1
percent from a year earlier, which would be the first quarterly
profit fall for the group since 2016.  urn:newsml:reuters.com:*:nL1N2030V5
    Among a clutch of major U.S. companies reporting this week
include Coca-Cola Co  KO.N , PepsiCo Inc  PEP.O  and Nvidia Corp
 NVDA.O .
     At 6:45 a.m. ET, Dow e-minis  1YMc1  were up 64 points, or
0.26 percent. S&P 500 e-minis  ESc1  were up 6.75 points, or
0.25 percent and Nasdaq 100 e-minis  NQc1  were up 24 points, or
0.35 percent.
    Talks on border security funding collapsed on Sunday after
Democratic and Republican lawmakers clashed over immigrant
detention policy, but a special negotiating panel is aiming to
come to a deal by Monday.  urn:newsml:reuters.com:*:nL1N20503N
    Tesla Inc  TSLA.O  rose 2.7 percent premarket after
brokerage Canaccord Genuity upgraded the stock, calling its
electric vehicle penetration "underappreciated".
    Electronics Arts Inc  EA.O  gained 2.2 percent after
Jefferies raised its price target on the shares of the
video-game publisher after it signed up 10 million players
within three days of the launch of a new game.  urn:newsml:reuters.com:*:nL3N2033JH 

 (Reporting by Amy Caren Daniel & Shreyashi Sanyal in Bengaluru;
Editing by Sriraj Kalluvila)
 ((Amy.CarenDaniel@thomsonreuters.com ; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 9250 ; Reuters
Messaging: Amy.CarenDaniel.thomsonreuters.com@reuters.net))

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