Investing.com – US futures pointed to a higher opening on Wednesday as well-received earnings updates from Apple (NASDAQ 🙂 and chip maker Advanced Micro Devices bolster sentiment.
Trading is expected to be moderately muted as the market today emerges from the US-China trade talks and the Federal Reserve press conferences half an hour after the interest rate at 14:00 ET (19:00 ) News awaits MEDIUM GREENWICH TIME). A change in official interest rates is not expected.
Tensions between the world's two largest economies are loosening, Apple CEO Tim Cook said when he surprised the company's earnings for the fourth quarter on Tuesday. Its shares have risen by 5.5% before the opening.
The turmoil is still high, however, as the US has indicted Huawei and its Chief Financial Officer Meng Wanzhou for alleged violations of sanctions against Iran.
Officers from both sides meet in Washington on Wednesday and Thursday.
"I expect the Washington Summit to pave the way for an extension of the ceasefire, which is what the markets expect and a failure in the talks is not priced in at all." said Giuseppe Sersale, fund manager at Anthilia Capital.
The increase of 6 points or 0.24% (as at 6:41
The earnings season continues, with results including Boeing (NYSE :), McDonalds Corporation (NYSE :), Facebook (NASDAQ :), Tesla (NASDAQ :).
Amazon.com (NASDAQ 🙂 gained 1.6% while Advanced Micro Devices Inc. (NASDAQ) rose 8.8% after its earnings met expectations, while General Electric ( NYSE 🙂 rose by 1.4
Elsewhere, Ford Motor Company (NYSE 🙂 fell 1.8% while Whirlpool (NYSE 🙂 fell 1.8% and Pacific Gas & Electric (NYSE 🙂 decreased by 3.5%.
Commodities Up 0.25% Near an eighth-month high of $ 1,312.15 a troy ounce, it jumped 0.77% to $ 53.72 a barrel. The fund, which measures the dollar against a basket of six major currencies, remained flat at 95.52.
-Reuters contributed to this report.
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