US Futures are indicating a lower open. European equity markets opened higher but are now trading lower, following mixed trading in Asia. From the July 4th weekend we have news of positive steps in the US and China relationship, with reports President Biden may announce as soon as this week a rollback of some US tariffs on Chinese consumer good. This is followed by reports that China Vice Premier Liu He held a video conference with US Treasury Secretary Yellen on Tuesday morning.
Companies Mentioned: SAS, Intel (NASDAQ:INTC), GlobalFoundries, Taiwan Semiconductor, GlobalWafers