Wall Street futures rose on Monday afternoon (India time) as easing concerns over US-China trade tensions supported investor sentiment after recent volatility.


Futures gained as much as 1.3 percent after US and Chinese officials said that a series of agreements had been reached ahead of a key meeting between President Donald Trump and Chinese President Xi Jinping.

A softer-than-expected US inflation reading has also boosted expectations of a possible rate cut by the Federal Reserve. The Federal Open Market Committee will begin its two-day policy meeting on October 28, with the outcome due the next day.

At around 4 pm IST, Nasdaq 100 futures were up 1.3 percent, S&P 500 futures advanced 1 percent and Dow Jones Industrial Average futures added 0.62 percent.

In Europe, the pan-European STOXX 600 and Germany’s DAX traded slightly higher, while France’s CAC 40 was marginally lower.