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Traders Assess Potential US-Canada Trade Deal, Lifting US Equity Futures Pre-Bell
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Traders Assess Potential US-Canada Trade Deal, Lifting US Equity Futures Pre-Bell
Jun 30, 2025 6:25 AM

09:01 AM EDT, 06/30/2025 (MT Newswires) -- US equity futures were up before Monday's opening bell as traders monitored the US-Canada trade situation.

Dow Jones Industrial Average futures were up 0.5%, S&P 500 futures were 0.3% higher and Nasdaq futures rose 0.5%.

Canada has decided to scrap its Digital Services Tax, which was considered detrimental to big US technology firms, to allow trade negotiations with the US to restart, Canada's Department of Finance said over the weekend.

Oil prices were lower, with the front-month global benchmark North Sea Brent crude down 0.04% at $66.77 per barrel and the US West Texas Intermediate crude retreated 0.2% at $65.40 per barrel.

The Chicago Purchasing Managers' Index, scheduled for release at 9:45 am ET, is seen coming in at 42.7 for June versus 40.5 in May, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.8% higher, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.6% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was also down 0.2% in Europe's early afternoon session.

In equities, shares of Hewlett Packard Enterprise ( HPE ) and Juniper Networks ( JNPR ) were up 13% and 8%, respectively, pre-bell after the companies secured a settlement deal resolving the US Department of Justice's antitrust lawsuit. Webuy Global ( WBUY ) shares were 61% higher after the company said it has integrated Coinbase (COIN) into its platform to enable stablecoin payments.

On the losing side, INmune Bio ( INMB ) shares were 62% lower after the company said that a phase 2 trial of its treatment candidate for Alzheimer's disease failed to meet the primary cognitive endpoint in the intent-to-treat population.

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