Chinese President Xi Jinping crossed the wires in the last minutes saying that they will continue to support the development of private firms.

"We will continue to promote high-quality development of trade," the president told China's Central Television (CCTV).

These comments don't seem to be having an impact on the market sentiment. As of writing, the 10-year US Treasury bond yield was up 2% on the day while the S&P 500 Futures was adding 0.22% to suggest that Wall Street is likely to start the day modestly higher.