At around 4:10 a.m. ET, Dow futures rose 7 points, indicating a positive open of more than 13 points. Futures on the S&P and Nasdaq were both seen slightly higher.
· European stocks slipped Wednesday morning after U.S. Federal Reserve chairman Jerome Powell tempered expectations of an imminent cut to interest rates.
The pan-European Stoxx 600 fell 0.4% in early trade, healthcare stocks leading the losses with a 0.8% decline while oil and gas was the only sector trading in positive territory.
· Asian stocks dipped on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.15%, tracking overnight losses on Wall Street.
· Japan’s Nikkei fell on Wednesday after the U.S. Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates, although chip-related stocks gained.
The Nikkei share average dropped 0.5% to 21,086.59
Chip equipment makers bucked the weakness and gained after Micron Technology Inc said on Tuesday it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects demand for its chips to recover later this year.
· China stocks ended slightly lower on Wednesday as financial stocks weighed on the market, and as investors exercised caution ahead of the meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
The blue-chip CSI300 index fell 0.2%, to 3,794.33, while the Shanghai Composite Index shed 0.2% to 2,976.28.
Reference: CNBC, Reuters
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