08:20 AM EDT, 10/27/2025 (MT Newswires) -- US equity futures were higher pre-bell Monday as traders monitored developments surrounding a potential US-China trade deal.

Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.

US Treasury Secretary Scott Bessent said the US and China have agreed on a framework for a potential trade deal, which will be discussed during a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea on Thursday, according to media reports.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.4% at $64.94 per barrel and US West Texas Intermediate crude 0.4% lower at $61.27 per barrel.

The Dallas Fed Manufacturing Survey for October is scheduled for release at 10:30 am ET.