How many times can equity futures around the world rise and fall on the same headlines? We’re learning that lesson in real time these days, as US futures are rallying today on reports that China will cut tariffs on imported US autos from 40% down to 15% and that officials from both countries continue to negotiate despite the arrest of Huawei’s CFO in Canada. Believe it or not, futures were lower for most of the overnight session before getting a real boost right around 4 AM.
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