Futures Flat on Trade Tension

U.S. stock index futures held steady ahead of Monday’s open after President Donald Trump lashed out at U.S. allies Canada and Europe on trade issues at the G-7 meeting over the weekend.

Futures for the Dow Jones Industrials fell six points to 25,315

S&P 500 futures lost two points to 2,780.50, while futures for the NASDAQ composite index slid 11.25 points, or 0.2%, to 7,165.25

Despite the stagnant futures on Monday, the major U.S. indexes all ended last week at least 1.2% higher.

Dave & Buster’s Entertainment Inc. and Limoneira Co are among those companies reporting earnings today.

Wall Street was also preparing for the hotly anticipated meeting between Trump and North Korean leader Kim Jong Un in Singapore, set to occur on Tuesday.

President Trump and his administration escalated criticism of Canadian Prime Minister Justin Trudeau and international trade over the weekend at the annual G-7 summit that took place in Quebec

The conclusion of the two-day summit, where Trump met with leaders from Europe and Canada, resulted in the U.S. incumbent refusing to endorse the joint G-7 statement that called for a reduction of tariffs — sparking tensions between him and fellow G-7 leaders.

He also criticized Canadian counterpart Trudeau of “betrayal,” saying that the prime minister’s comments on U.S. tariffs were “very dishonest & weak.”

In Japan, the Nikkei 225 gained 0.5% Monday, while in Hong Kong, the Hang Seng Index improved 0.3%

Oil prices dipped 66 cents to $65.08U.S. per barrel.

Gold prices lost $1.30 to $1,301.40U.S. an ounce.

This article provided by NewsEdge.