Dow Jones futures remain steady ahead of US Retail Sales data

• Dow Jones futures move little as traders await the US Retail Sales data ahead of the looming Fed decision.
• US stocks may rise as markets expect a 25 bps Fed cut, with little chance of deeper easing.
• President Trump posted on "Social Truth" that US-China relations remain "very strong."

Dow Jones futures are steady near 45,900 during European hours on Tuesday, ahead of the United States (US) market open. Moreover, the S&P 500 futures advance 0.20% to trade above 6,600, while Nasdaq 100 futures edge up 0.32% to trade near 24,400. Traders will likely watch the US Retail Sales data for August, due on Tuesday, which could offer fresh cues on US consumer spending.

US stock futures show mixed performance with improved market sentiment ahead of the looming Federal Reserve (Fed) policy decision due on Wednesday. Traders expect the US central bank to deliver a 25-basis-point rate cut at its September meeting, with markets pricing in a slim probability of a larger 50-basis-point cut.

On Monday's regular session, the Dow Jones climbed 0.11%, while the S&P 500 rose 0.47% and the Nasdaq Composite advanced 0.94%, both setting new all-time highs. US markets gained after the United States and China reached a commercial agreement on Monday to place TikTok under US ownership, with final approval anticipated during a Friday call between US President Donald Trump and Chinese President Xi Jinping. Trump wrote on "Social Truth" that the "big Trade Meeting" went "VERY WELL!" and emphasized that US-China relations remain "very strong."

Nvidia edged down 0.04% on Monday after Chinese regulators accused the company of violating anti-monopoly rules. Shopify climbed 3.2%, extending its bullish momentum, while Tesla rallied 3.6% after CEO Elon Musk revealed the purchase of 2.6 million shares valued at roughly $1 billion on Friday.