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Futures showed US stocks opening with modest gains on continued optimism over Donald Trump’s corporate tax plans.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were all set to open roughly 0.1 per cent higher, following record highs for the big three US indices on Thursday.

Yields on the 10-year Treasury bond were also up 2 basis point to 2.41 per cent as investors looked for higher returns.

Elsewhere, the dollar was poised for its first week of gains since the new year, up 1 per cent since the start of the week to 100.88 against a basket of peers.

US economic data reports to be released on Friday included US import and export prices, the monthly budget statement for federal entities, and consumer sentiment.

Globally, world stocks had extended the Trump rally by morning in New York. The UK FTSE 100 was up 0.3 per cent, Hong Kong’s Hang Seng was 0.2 per cent higher, Germany’s Dax had gained 0.3 per cent and Japan’s Nikkei 225 was 2.5 per cent stronger.

Copyright The Financial Times Limited 2017. All rights reserved.
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