Following a prolonged stock market rally on the back of a phase one trade agreement between the U.S. and China, investors may be looking to hold steady and take profits before the end of a tumultuous year for markets.
U.S. President Donald Trump tweeted on Friday that he had held a “very good talk” with Chinese President Xi Jinping about the recently agreed partial deal.
Meanwhile China’s finance ministry said on Monday that it will reduce import tariffs on over 850 products from January 1 in a bid to boost imports.
On the data front, U.S. National Activity Index figures for November are due at 8:30 a.m. ET.
Auctions will be held Monday for $42 billion worth of 13-week Treasury bills and $36 billion worth of 26-week bills.