India, April 21 -- The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to come under pressure after ending last Thursday's trading little changed.
Lingering concerns about a global trade war are likely to weigh on Wall Street as traders await signs of progress on President Donald Trump's trade talks.
Potentially adding to the worries, China has threatened to retaliate against any countries that reach a trade deal with the U.S. at the expense of China's interests.
A spokesman for China's Ministry of Commerce was asked to respond to reports the Trump administration is preparing to put pressure on other countries to restrict trade with China in exchange for U.S. tariff exemptions.
"If t...