Stocks Look to Higher Open but Trade War Talk Keeps Global Markets Worried

London (Mar 5)  U.S. equity futures weakend Monday, while European stocks extended gains, as global investor concern over an impending trade war eased and government bond yields pulled away from multi-year highs.

Contracts tied to the Dow Jones Industrial Average marked 74 points lower from Friday's close, indicating an opening bell decline of 71 points while those linked to the broader S&P 500 were priced 9 points to the downside after an early indication of an 18.75 decline earlier in the session amid concern over a potentially growth-damaging trade war between the United States and its various commercial and economic partners.

The U.S. dollar index, which gauges the greenback against a basket of six global currencies, was marked 0.2% lower from Friday's opening levels to 90.07 while benchmark 10-year Treasury yields were seen about 1.5 basis points lower from Friday at 2.84%. Gold prices were marked 0.25% higher at $1,325.60 while bitcoins were quoted at $11,485 each on the bitstamp exchange in Luxembourg.

TheStreet