Inventory futures rise over optimism for U.S.-China commerce deal forward of Trump-Xi assembly

U.S. stock-market futures gained Sunday after top negotiators for the U.S. and China expressed optimism that a new trade deal is in reach, ahead of a key meeting later this week between President Donald Trump and China’s President Xi Jinping.

An agreement between the two leaders would likely reassure global markets, which have seen volatile trading this year as trade tensions between the U.S. and China — the world’s two largest economies — have been stuck in a cycle of escalations and cool-downs.