(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.
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