FX.co ★ US Futures Remain Flat After Data

Futures tied to the US equity markets indicated a subdued start to trading on Thursday, retaining most of the week's gains as investors evaluated the prospects of US trade flows and their potential impact on economic growth for the year. Futures for the S&P 500 and Nasdaq 100 remained stable, while the Dow was poised for an opening 100-point dip. This week's equity support was bolstered by President Trump's remarks suggesting that tariffs on China would not be sustained at the 145% level in the long run. Nonetheless, Treasury Secretary Bessent highlighted that negotiations with China have yet to commence, and Beijing has stated that it will not engage in discussions until the US reduces its tariffs, increasing skepticism about reaching a resolution. In the corporate sector, IBM saw a 7% decline after reporting disappointing results, P&G decreased by 1% following a reduction in its guidance, while Merck gained 1% despite lowering its outlook due to tariff impacts. Nevertheless, firm economic indicators continue to demonstrate a robust US economy, with durable goods orders surging in March and initial jobless claims reaching their lowest levels for the year.