US stocks seen higher in premarket trade

By Jeff Davies

Wall Street was seen ticking slightly higher in premarket trade on Thursday as investors remain focused on trade developments.

United States President Donald Trump said earlier this week that his administration has not set a deadline for imposing additional tariffs on Chinese imports.

Meanwhile, another incident in the Gulf of Oman has propped up crude prices as two tankers caught fire.

On the data front, initial jobless claims for the week ending June 7 are set for a release later in the day.

The Dow Jones Industrial Average was up 0.13% at 3:12 am GMT, the S&P 500 gained 0.19%, while the Nasdaq 100 advanced 0.21%. The euro rose 0.09% against the dollar at 3:15 am GMT, buying 1.1299.

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