Home / Business / US futures rise ahead of the Fed's decision to trade talks from Investing.com

US futures rise ahead of the Fed's decision to trade talks from Investing.com

© Reuters.

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

ET (11:41 GMT)) rose by 78 points or 0.32%. Meanwhile, the number of technology services increased by 49 points or 0.74%.

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.

Disclaimer: Fusion Media reminds you that the data contained on this website is not necessarily real-time or correct. All CFDs (stocks, indices, futures) and forex prices are not provided by stock exchanges, but by market makers. The prices may not be accurate and may differ from the actual market price. This means that prices are indicative and not suitable for trading purposes. As a result, Fusion Media assumes no responsibility for any trading losses that may arise from the use of such data.

Fusion Media or any person involved with Fusion Media assumes no responsibility for the resulting harm to the reliance on the information, including data, quotations, graphics and buy / sell signals contained on this website are. Please inform yourself comprehensively about the risks and costs associated with trading the financial markets. This is one of the riskiest forms of investment.

Source link