[ad_1]
US stock index futures were slightly higher on Wednesday morning, after Wall Street posted its second-best trading day for 2019 in the previous session.
At 3:00 pm (ET), Dow Jones futures were up 34 points, suggesting more opening of more than 43 points. Futures on the S & P 500 and Nasdaq were also higher.
On Wednesday, shares in the Asia-Pacific region climbed, benefiting from gains in the US, where the Dow Jones Industrial Average rose more than 500 points and other stocks ended the session on a record high. The rise in transactions came after comments by Jerome Powell, chairman of the Federal Reserve, who said the central bank was willing to ease its monetary policy.
On Tuesday, Powell said the Fed would monitor the current economic developments and do what it needs to do to "support the expansion," however pointed out that the central bank could not not determine when and how the problems of world trade would be resolved.
Meanwhile, the trade turbulence continues to shake the market climate. During his state visit to the United Kingdom, President Donald Trump doubled his recent tariff threat on Mexico, telling reporters that his new policy "would come into effect next week".
GOP Senators, however, indicated that they disagreed with the 5% levy on all Mexican imports. As a result, trade tensions and negotiations should remain a hot topic for the foreseeable future.
Brown-Forman, Campbell Soup, Cloudera, Five Below and MongoDB are expected to present their results on Wednesday.
In terms of economic data, investors will monitor ADP employment figures at 8:15, followed by a services PMI at 9:45 and the ISM non-manufacturing index at 10:00.
Alex Gibbs of CNBC contributed to this report.
Source link
