Stock futures higher on signs North Korea open to talks

(Reuters) – U.S. stock futures pointed to a sharply higher opening on Tuesday after South Korea said it would hold its first summit in more than a decade with North Korea and that the latter was open to talks with the United States on denuclearization.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly

The news added to early gains for U.S. markets, which have been recovering from a bout of concern over the possibility of a global trade war following remarks by President Donald Trump last week.

At 6:49 a.m. ET, Dow e-minis 1YMc1 were up 147 points, or around 0.6 percent. S&P 500 e-minis ESc1 gained 12.25 points, or around half of a percent and Nasdaq 100 e-minis NQc1 rose 42.75 points, or 0.6 percent.

Reporting by Ankur Banerjee in Bengaluru

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