By Silvia Amaro, CNBC–
U.S. stock index futures were higher Friday morning, as traders await a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G-20.
At around 01:40 a.m. ET, Dow futures rose 30 points, indicating a positive open of more than 46 points. Futures on the S&P were marginally higher, while they pointed to a lower open on the Nasdaq.
Trump and Xi are expected to meet Saturday amid their ongoing trade conflict. The world’s two largest economies have maintained firm stances going into the weekend, with the Chinese Ministry of Commerce calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies, while Trump reiterated a threat to impose tariffs on all Chinese imports if talks fail.
Speaking to CNBC on Thursday, Morgan Stanley CEO James Gorman said that China and the U.S. must come to a truce in their dispute. “It will have a devastating effect to the global economy. That doesn’t mean there can’t be changes to the way the trade agreements are being written,” he said.
On the data front, there will be personal income figures, consumer spending and a core personal consumption expenditures price index released at 08:30 a.m. ET.
In corporate news, Constellation Brands is reporting before the bell.