Futures flat as US-China tariffs kick in
US stock index futures are little changed as the United States and China slapped 25 per cent tariffs on $US16 billion ($A22 billion) worth of each other's goods, despite ongoing trade talks.
The world's two largest economies have now slapped tit-for-tat tariffs on a combined $US100 billion ($A137 billion) of products since early July, with more in the pipeline, adding to risks to global economic growth.
The impact of trade disputes on businesses and households was examined by US central bankers, who also discussed raising interest rates soon to counter excessive economic strength, minutes of the Federal Reserve's last policy meeting showed on Wednesday.
With a rate hike widely expected in September, the benchmark S&P 500 index ended the day little changed as it marked its longest bull-market run.
The Fed's annual economic symposium kicks off in Jackson Hole, Wyoming on Thursday, with Fed Chair Jerome Powell and other central bankers set to discuss the root causes of stubbornly low inflation, slow wage growth and tepid productivity gains.
Powell's speech on Friday, his first as Fed chairman, will be closely watched for clues on future rate hikes.
ET, Dow e-minis were down 6 points, or 0.02 per cent. S&P 500 e-minis were down 1 points, or 0.03 per cent and Nasdaq 100 e-minis were down 7.75 points, or 0.1 per cent.
Shares of Alibaba climbed 2.9 per cent in premarket trading after the online retailer topped first-quarter revenue estimates, driven by growth in its core e-commerce business. Rival JD.com rose 1.1 per cent.
US retailers continued to mostly report upbeat results.
Williams-Sonoma jumped 8 per cent after the Pottery Barn owner posted strong quarterly sales, while Childrens Place rose 6 per cent after it raised its full-year profit forecast.
However, Victoria's Secret-owner L Brands dropped 4.4 per cent after cutting its full-year profit expectations.
Hormel Foods fell 6.5 per cent after the packaged food maker lowered its full-year sales outlook. The sector was hit by J.M. Smucker's results on Tuesday.
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