US Stock Futures Rise Ahead of Crucial China Talks

US stock futures rose ahead of crucial talks between US and Chinese officials in New York. The S&P 500 futures advanced by 0.2% in early trading, after the underlying gauge edged higher on Friday.

The dollar was steady against the yen and yuan, with moves potentially amplified by thin liquidity as Japan observes a holiday. Traders are awaiting the outcome of the talks led by Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, which will cover trade, investment, artificial intelligence, and the war in Iran.

The International Monetary Fund warned that governments must urgently do more to narrow budget deficits, as higher interest rates will make record debt burdens harder to service. Commonwealth Bank of Australia strategists led by Joseph Capurso said they expect the People's Bank of China to continue guiding the yuan stronger ahead of the summit.