US Session Premarket US Futures Up; Treasury Secretary Optimist For a Trade Deal With China

# US Session Premarket: US Futures Up; Treasury Secretary Optimist For a Trade Deal With China

**Note**: This analysis is generated during US premarket, markets closed but futures trading. Event times in US Eastern Time.

## Major News

**Market Reactions and Stock Movements**

As the US premarket trading session unfolds, futures indicate a positive opening for major indices. The S&P 500 Futures are up 0.92% at 6,455.25, while Nasdaq Futures show a robust gain of 1.34%, sitting at 23,795.00. The Dow Futures are slightly less enthusiastic, up by 0.23% at 44,735.00.

In Europe, markets opened with mixed results. The DAX is down 0.12% at 24,232.21, and the EURO STOXX 50 has dipped by 0.52% to 5,365.04. Conversely, the FTSE 100 is showing a modest gain of 0.42%, trading at 9,175.27. Meanwhile, the Nikkei 225 closed up 1.02% at 41,069.82, reflecting a generally positive sentiment in Asian markets prior to its closure.

**Geopolitical Factors and Tariffs**

In a significant development for US-China relations, Treasury Secretary Bessent expressed optimism regarding a potential deal with China, stating, “we have the makings of a deal.” This statement could have substantial implications for trade and tariffs, potentially easing tensions that have previously impacted market stability. Investors are likely to keep a close eye on any forthcoming negotiations, as a resolution could bolster market confidence and lead to increased investment flows between the two economic powerhouses.

**Corporate Earnings and Strategic Moves**

Earnings reports are driving significant movement in individual stocks this premarket session. CVS Health has reported a strong earnings beat, prompting shares to surge. CEO David Joyner highlighted improvements in both the retail pharmacy and insurance units, particularly Aetna, which has been facing challenges due to rising medical costs. This positive outlook is likely to attract investor interest as CVS continues to navigate a competitive healthcare landscape.

Conversely, shares of AB InBev, the world’s largest brewer, have plummeted by 9% following a disappointing earnings report that revealed a 1.9% decline in volumes year-on-year, significantly worse than the 0.3% dip analysts had anticipated. This decline raises concerns about the company’s ability to maintain market share in a challenging beverage industry.

Moderna is also in the headlines, announcing a workforce reduction of 10% as the biotech company seeks to cut costs amid slowing sales of its COVID-19 vaccines. CEO Stephane Bancel indicated that the company expects to have fewer than 5,000 employees by year-end, a move that reflects the broader industry trend of adjusting to post-pandemic realities.

In other earnings news, Comcast reported second-quarter results that exceeded analyst expectations, despite suffering another quarter of broadband customer losses. This mixed performance may indicate resilience in certain segments of the business, but the ongoing customer attrition could pose long-term challenges.

Eli Lilly’s recent clinical trial results for its diabetes drug Mounjaro have shown heart health benefits compared to the older drug Trulicity. This positive data could enhance Mounjaro’s position in the market, potentially influencing prescribing practices among healthcare providers.

The market is also reacting to analyst calls on major tech stocks, with Nvidia, Tesla, Apple, Microsoft, and Meta among those highlighted. These calls can often shift investor sentiment and influence trading patterns, especially in the tech-heavy Nasdaq.

**Current Market Overview**

Overall, the market appears to be in a cautiously optimistic state as futures point to a positive opening. The anticipation surrounding potential US-China trade negotiations, coupled with mixed earnings reports, is shaping investor sentiment. While some companies like CVS and Comcast are demonstrating resilience and adaptability, others like AB InBev and Moderna are facing significant hurdles.

As the trading day progresses, market participants will be keen to monitor developments in both corporate earnings and geopolitical dynamics, as these factors will play a crucial role in determining market direction. The balance between optimism from potential trade resolutions and caution stemming from disappointing earnings and customer losses will likely dictate market movements in the near term.

## Performances

### US Futures

US futures indicate opening sign for cash market.

### Major US Indices (Previous Close)

### FX Performance

### Commodities Performance

### BTC and ETH Performance

## High-Importance Economic Events

In the premarket session on July 31, 2025, several key economic indicators are set to influence financial markets as futures trade ahead of the US market opening.

The German Consumer Price Index (CPI) for July reported a month-over-month increase of 0.3%, surpassing the forecast of 0.2%. This unexpected rise may strengthen the euro against the dollar as it suggests stronger inflationary pressures in the Eurozone, potentially influencing the European Central Bank’s monetary policy.

In the US, the Core Personal Consumption Expenditures (PCE) Price Index for June recorded a year-over-year increase of 2.8%, above the forecast of 2.7%. This positive surprise could prompt speculation regarding the Federal Reserve’s interest rate stance, reinforcing the market’s focus on inflation as a critical factor for future monetary policy decisions. The month-over-month Core PCE remained in line with expectations at 0.3%.

Additionally, Initial Jobless Claims came in at 218,000, lower than the anticipated 222,000, indicating a robust labor market, which may further bolster confidence in economic resilience.

Looking ahead to August 1, crucial labor market data will be released, including Nonfarm Payrolls and the Unemployment Rate, both of which are expected to provide further insights into economic health. The forecasts are for an increase of 106,000 jobs and an unemployment rate of 4.2%. Market participants will closely monitor these figures, as they could significantly impact sentiment and trading strategies.

Overall, these events are pivotal for shaping market expectations, particularly regarding inflation and labor market dynamics, which are central to monetary policy discussions.