US Futures Dip as US-China Trade Talks End With Few Concrete Results – Europe Market Wrap

US stock futures slipped after the Trump administration’s trade talks with China ended with thinly detailed outcomes.

S&P 500 contracts fell 0.2%, leaving the US benchmark poised to snap a three-day winning streak as it hovers near all-time highs. European stocks were little changed. US Treasuries slid ahead of May’s inflation report, with the 10-year yield rising two basis points to 4.49%. The dollar held steady.

Meanwhile, Tesla rose 2.2% in premarket trading, outperforming Magnificent 7 counterparts after Elon Musk expressed regret over his recent social-media outburst directed at President Donald Trump.

Financial markets were closely watching whether the world’s top two economies could tamp down tensions that economists say have tipped the global economy into a downturn. After some 20 hours of negotiations in London, US officials said both sides had established a framework to revive the flow of sensitive goods, even though the plan still needs sign-off from Trump and Xi Jinping.