Investing.com – U.S. futures were slightly higher on Friday, after Chinese President Xi Jinping said he wants a trade deal with the U.S. but is not afraid to “fight back.”
“As we always said, we don’t want to start the trade war but we are not afraid,” Xi told a U.S. business delegation in Beijing. “When necessary we will fight back but we have been working actively to try not to have a trade war.”
Doubts over whether a trade deal will be reached by the end of the year have risen this week. Earlier in the week, there were reports that China had invited U.S. officials to Beijing for further talks but it’s unclear if the U.S. has accepted.
futures rose 19 points or 0.2% by 6:50 AM ET (11:50 GMT), while gained 27 points or 0.1% and inched up 3 points or 0.1%.
Nordstrom (NYSE:) was the one bright spot among struggling retailers. The company surged 7.8% in premarket trade after its earnings came in better than expected, while it narrowed its 2019 earnings forecast. Splunk (NASDAQ:) was up 7.1% on an earnings beat, while Uber (NYSE:) gained 2.7%
Elsewhere, Tesla (NASDAQ:) fell 3.5% after it revealed its new “Cybertruck” while Pure Storage (NYSE:) slumped 24% after failing to meet earnings estimates.
On the data front, (PMI) and numbers come out at 9:45 AM ET, followed by .
In commodities, rose 0.6% to $1,472.75 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was flat at 97.920. slipped 0.5% to $58.31 a barrel.
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