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U.S. equity futures rise, dollar sinks on Evergrande media report By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO. A trader leaves the New York Stock Exchange’s trading floor, as a screen shows the Dow Jones Industrial Average. This was at the close of trading on the New York Stock Exchange, New York City (U.S.A), September 22, 2021. REUTERS/Brendan McDermid

LONDON (Reuters) – U.S. equity index futures kicked higher and the U.S. dollar’s losses widened against its rivals after a Bloomberg news report that financial regulators in Beijing told embattled property developer China Evergrande to avoid a near-term default on its dollar bonds.

The greenback dropped to 93.14 against a basket of rivals while U.S. equity index futures gained 0.8% in London trading.

There is a little risk, but it’s really calm. According to one trader, people think Beijing will solve Evergrande.

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