FX.co ★ US Stocks Poised for Modest Gains at the Open

US stock futures nudged higher on Monday, with futures on the three major indices climbing approximately 0.1%. This uptick follows notable gains from the previous week, as traders closely watch the ongoing negotiations between the US and China. Representatives from both nations are meeting in London today, rekindling hopes that trade tensions might decrease, especially after a recent phone conversation between President Trump and President Xi. Meanwhile, investors remain vigilant, seeking further clarity on the economic implications of the trade dispute, particularly with the release of both CPI and PPI figures this week, which are expected to shed light on inflationary pressures. In corporate developments, shares of Nvidia rose by 1.2%, Apple edged up by 0.4%, and Alphabet increased by 0.1% in premarket trading. Conversely, Tesla shares fell by almost 1.6% following a downgrade to 'Neutral' by Baird analysts.