Stock futures cautious due to trade concerns

Stock futures were searching for direction as trade talks with China may get going, while those with Canada may be on hold.

Dow Jones futures were rising by 0.09%. The S&P 500 added 0.06% and the Nasdaq Composite was up 0.07%.

President Trump’s chief economic adviser Larry Kudlow confirmed to FOX Business on Wednesday that Treasury Secretary Steven Mnuchin has proposed renewed trade talks with China.

However, the next round of talks on a trade agreement with Canada seem to be in question.

A meeting was reportedly expected to be held on Thursday, but Canadian Foreign Minister Chrystia Freeland went back to Canada to brief Prime Minister Trudeau and says she is staying there and that officials needed to do more work before she could hold fresh talks.

All eyes are also on the Carolina coast as Hurricane Florence remains on track to make landfall  in the next day. The force of the hurricane has been downgraded, but is expected to regain strength.

Industries such as air travel, home improvement centers, generator makers and insurance companies may remain active on Thursday.

The European Central Bank and the Bank of England hold policy meetings on Thursday, but both are widely expected to leave interest rates unchanged.

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