US STOCKS-Futures climb as U.S.-China trade talks resume


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* Futures up: Dow 0.26 pct, S&P 0.25 pct, Nasdaq 0.35 pct

By Amy Caren Daniel

Feb 11 (Reuters) - U.S. stock index futures rose on Mondayas the latest trade talks between the United States and Chinabegan in Beijing, while U.S. lawmakers attempted to hammer out adeal to avoid another government shutdown.

China struck an upbeat note on the talks and the Shanghaiexchange rose 1 percent after a week-long Lunar New Yearholiday, but a U.S. Navy mission through the disputed SouthChina Sea weighed on sentiment. urn:newsml:reuters.com:*:nL3N20614C

The latest discussions come against the backdrop of lastmonth's negotiations ending without a deal and the top U.S.negotiator declaring that a lot more work needed to be done.

The S&P 500 .SPX ended last week flat, largely due to thetrade uncertainty and worries of a global economic slowdown.

Still, the benchmark index is about 15 percent above itsDecember lows, helped in part by a dovish Federal Reserve andlargely upbeat earnings reports.

The fourth-quarter earnings season has entered its homestretch, with 71.5 percent of the S&P 500 companies that havereported results topping profit estimates, according to IBESdata from Refinitiv.

But analysts' estimates for first-quarter earnings for S&Pcompanies have turned negative. They expect a decline of 0.1percent from a year earlier, which would be the first quarterlyprofit fall for the group since 2016. urn:newsml:reuters.com:*:nL1N2030V5

Among a clutch of major U.S. companies reporting this weekinclude Coca-Cola CoKO.N , PepsiCo IncPEP.O and Nvidia CorpNVDA.O .

At 6:45 a.m. ET, Dow e-minis 1YMc1 were up 64 points, or0.26 percent. S&P 500 e-minis ESc1 were up 6.75 points, or0.25 percent and Nasdaq 100 e-minis NQc1 were up 24 points, or0.35 percent.

Talks on border security funding collapsed on Sunday afterDemocratic and Republican lawmakers clashed over immigrantdetention policy, but a special negotiating panel is aiming tocome to a deal by Monday. urn:newsml:reuters.com:*:nL1N20503N

Tesla IncTSLA.O rose 2.7 percent premarket afterbrokerage Canaccord Genuity upgraded the stock, calling itselectric vehicle penetration "underappreciated".

Electronics Arts IncEA.O gained 2.2 percent afterJefferies raised its price target on the shares of thevideo-game publisher after it signed up 10 million playerswithin three days of the launch of a new game. urn:newsml:reuters.com:*:nL3N2033JH (Reporting by Amy Caren Daniel & Shreyashi Sanyal in Bengaluru;Editing by Sriraj Kalluvila) ((Amy.CarenDaniel@thomsonreuters.com ; within U.S.+1-646-223-8780; outside U.S. +91 80 6749 9250 ; ReutersMessaging: Amy.CarenDaniel.thomsonreuters.com@reuters.net))




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