U.S. Futures Rise, Stocks Fluctuate; Dollar Steady

• American equity futures climbed on Thursday and European shares fluctuated in the wake of the signing of the U.S.-China trade deal, an event that helped drive global stocks to record highs. Bonds were mixed and the dollar was steady.
• Contracts for all three main American gauges pointed to more gains after Wall Street hit records a day earlier. Futures on the Nasdaq 100 did slightly better after tech bellwether
• Taiwan Semiconductor Manufacturing Co. projected quarterly revenue well above analysts’ estimates. Morgan Stanley climbed in early trading after results beat expectations. Bank of New York Mellon slipped after matching estimates.
• The formal signing of a phase one deal between the world’s two biggest economies has put the trade war on hold as far as many investors are concerned. Assuming the detente lasts, traders will be seeking fresh catalysts, most likely in economic data and the ramp-up of earnings season.

(Source: Bloomberg)