Premarket: Apple is green

apple premarket green 6-19From “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.

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