US. Stock index futures erased earlier losses on Thursday after the European Central Bank announced a new round of stimulus to help local banks with their lending activities.
Wall Street ended the session lower on Wednesday, recording its third consecutive decline. Investors are looking forward to details from the trade negotiations between the US and China.
Data released Wednesday show that the US trade deficit remains a problem. President Donald Trump has imposed a series of tariffs on countries such as China to lower his country's trade deficit. However, Wednesday's data showed that the US trade deficit reached a ten-year high in December.
As trade talks progress between the world's largest economies, Huawei's tensions are renewed. The Chinese law firm filed a lawsuit against the US government, claiming that the law banning the sale of equipment to government agencies was unconstitutional.