US STOCKS SNAPSHOT-Futures climb as U.S.-China tensions ease

U.S. stock index futures jumped on Wednesday after latest media reports eased concerns over escalating tensions between the United States and China ahead of high-level trade talks starting Thursday. China is still open to agreeing a partial trade deal with the United States, Bloomberg reported, despite the inclusion of top Chinese artificial intelligence startups in a trade blacklist.

Separately, the Financial Times reported Beijing was offering to increase its annual purchases of U.S. agricultural products by $10 billion. At 5:49 a.m. ET, Dow e-minis were up 193 points, or 0.74%. S&P 500 e-minis were up 24.5 points, or 0.85% and Nasdaq 100 e-minis were up 72.75 points, or 0.95%.

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