Premarket: U.S. futures point to further gains as trade optimism persists

News Snapshot:

European stocks looked set to cap a strong week with gains on Friday, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce, while oil prices remain relatively low, further supporting stocks and bonds. It has been a positive week for global share markets as investors cheered a tariff truce between the United States and China that greatly reduces the risk of a global recession. Europe’s STOXX 600 rose 0.57% on Friday, and was up 1.6% on the week, set for its fifth straight week of gains, helped by luxury group Richemont’s 7% climb after it reported...