Futures for Wall Street's main indexes rose on Wednesday, with expectations of a decline in trade tensions between the United States and China, while the Federal Reserve's monetary policy meeting remained in focus.
Washington announced Tuesday that representatives from the two countries will meet in Switzerland over the weekend for trade discussions.
The meetings will come after weeks of tariffs that have roiled financial markets and signaled concerns about global economic growth.
Contradictory signals from the world's largest economies about the status of negotiations have left markets uncertain. This scenario of uncertainty has led many companies to decide to suspend their forecasts.
The US central bank, for its part, has adopted a wait-and-see approach despite signs of slowing growth.
President Donald Trump's administration has said potential deals with major trading partners are in the works, but markets have yet to see tangible results on that front.
S&P 500 futures were up 0.6%, while Nasdaq 100 futures were up 0.6% and Dow Jones futures were up 0.54%.
The Federal Reserve is expected to keep interest rates unchanged on Wednesday.
Traders are now pricing in roughly a cut by July, according to data compiled by LSEG. That follows a mixed set of economic data released last week that signaled a slowing economy. At the same time, the data showed a still-resilient labor market.
The comments from officials will be scrutinized for clues about how they intend to conduct monetary easing this year. This comes amid Trump’s repeated calls for lower interest rates. There has also been criticism of Fed Chair Jerome Powell that spooked investors in April.
Source: Purvi Agarwal | Notícias Agrícolas
