December S&P 500 E-Mini futures are down -0.02% as President Trump eases trade war concerns with China. S&P 500 futures initially dropped 1.5% due to regional U.S. bank health worries. Wall Street’s major indices closed lower yesterday. Economic data shows the U.S. Philly Fed manufacturing index fell to a 6-month low in October. Fed officials discuss interest rate cuts amidst economic uncertainty. U.S. rate futures predict a 25 basis point rate cut in October. The U.S. government shutdown continues with no negotiations. Today, St. Louis Fed President Alberto Musalem will give a speech. Notable companies like American Express and Truist Financial are set to release quarterly results. Euro Stoxx 50 Index is down amid global equity sell-off. Asian stock markets closed in the red, with China’s Shanghai Composite Index and Japan’s Nikkei 225 Stock Index down. China’s trade tensions weigh on sentiment. Japan’s Nikkei 225 Stock Index closes lower, tracking Wall Street losses. Pre-market stock movers show regional bank stocks sliding. Chip stocks and tech stocks retreat pre-market. CSX Corp. rises over +2% pre-market after posting strong Q3 results. Today’s U.S. earnings spotlight includes American Express and Truist Financial Corp.

Read more at Yahoo Finance: S&P Futures Trim Losses as Trump Eases Trade Concerns