US stocks to start the week higher on reduced trade tensions

Could Chinese tariffs increase further?

FOX Business’ Edward Lawrence discusses the high-level trade talks which will take place between the U.S. and China in October.

U.S. equity futures were indicating a higher open on Monday when trading begins on Wall Street as trade tensions ease.

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Dow Industrial futures are 0.4 percent higher, S&P 500 futures are gaining 0.4 percent and Nasdaq futures are adding 0.5 percent.

Optimism increased over the weekend as the U.S. and China referred to last week's talks as "productive" and "constructive."

A higher-level round of talks is still scheduled to go ahead in October.

Wall Street ended last week with losses, snapping a 3-week winning streak for the S&P 500 after reports emerged that Chinese officials canceled a planned trip to farms in Montana and Nebraska.

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Ticker Security Last Change %Chg
I:DJI DOW JONES AVERAGES 26935.07 -159.72 -0.59%
SP500 S&P 500 2992.07 -14.72 -0.49%
I:COMP NASDAQ COMPOSITE INDEX 8117.674437 -65.20 -0.80%

The S&P 500 fell 0.5 percent, the Dow Jones Industrial Average dropped 0.6 percent and the Nasdaq lost 0.8 percent.

In Asian trading on Monday, the Shanghai Composite index skidded 1.3 percent while Hong Kong's Hang Seng fell 0.8 percent after yet another weekend of violent protests.Tokyo's markets were closed for a holiday.

Fosun Tourism Group, the biggest shareholder in Thomas Cook, fell 3.8 percent in Hong Kong after the 178-year-old British tour company collapsed.

Bookings for more than 600,000 global vacationers were canceled Monday as a result.

Shanghai-based Fosun International dropped 1 percent.

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Britain's Civil Aviation Authority said Thomas Cook's four airlines would be grounded and its 21,000 employees in 16 countries, including 9,000 in the UK, will lose their jobs.

The Associated Press contributed to this article.

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