From “Global Equities Rise On Signs of Easing U.S.-China Trade Tensions” posted on Barrons.com early Friday:
A potential catalyst for further equity gains emerged on Friday amid a report that China will step up efforts to meet the conditions of a Phase 1 trade deal by buying more American farm products.
The Stoxx European 600 index rose 0.7%, with similar gains across other indexes. The China CSI 300 index closed up 1.3%, while Dow Jones Industrial Average futures climbed over 200 points, or 0.9%, to 26,127.S&P 500 and Nasdaq-100 futures rose around 0.8% each.
Global equities got a boost after Bloomberg reported that China plans to step up purchases of U.S. soybeans, corn and ethanol in line with a U.S.-China Phase 1 trade deal, according to sources cited by Bloomberg in a Friday report.
My take: Day traders watch the close. Third Friday of June ends with a triple witching hour.