Wall Street Aims To Open Moderately Up

(RTTNews) - Major earnings reports might be interest to investors on Wednesday. Early cues from the U.S. Futures Index suggest that Wall Street might open moderately up.

In the Asian trading session, the U.S. dollar struggled for direction, gold edged lower. Oil prices rebounded on Wednesday, with benchmark Brent crude gaining 1.6 percent to $68.71 a barrel in European trade

President Trump has said that he would meet his Chinese counterpart, Xi Jinping, before the end of the year if an agreement is struck.

Asian shares finished mostly up, while European shares are trading mostly lower.

As of 8.10 am ET, the Dow futures were progressing 116.00 points, the S&P 500 futures were adding 8.75 points and the Nasdaq 100 futures were up 27.75 points.

The U.S. major averages all finished Tuesday in negative territory. The Nasdaq slid 137.03 points or 0.7 percent to 20,916.55, the S&P 500 fell 30.75 points or 0.5 percent to 6,299.19 and the Dow edged down 61.90 points or 0.1 percent to 44,111.74.

On the economic front, the ten-year treasury Note auction will be held at 1.00 pm ET.

The Energy Information Administration or EIA's Petroleum Status Report for the week is scheduled at 10.30 am ET. In the prior week, the crude oil inventories were up 7.7 million barrels, while Gasoline inventories were 2.7 billion barrels.

Fed Governor Lisa Cook and Boston Fed President Susan Collins will participate in a discussion on the U.S. and global economy before the "A Central Bank Perspective on the Evolving Global Landscape" event organized by the Federal Reserve Bank of Boston at 2.00 pm ET.

San Francisco Fed President Mary Daly will participate in a moderated conversation before the 2025 Anchorage Economic Summit hosted by the Anchorage Economic Development Corporation at 3.10 pm ET.

Asian stocks rose broadly on Wednesday. China's Shanghai Composite index rose 0.45 percent to 3,633.99. Hong Kong's Hang Seng index edged up marginally to finish at 24,910.63.

Japanese markets extended gains. The Nikkei average rose 0.60 percent to 40,794.86 while the broader Topix index settled 1.02 percent higher at 2,966.57.

Australian markets rose notably. The benchmark S&P/ASX 200 climbed 0.84 percent to 8,843.70 while the broader All Ordinaries index closed up 0.91 percent at 9,111.10.

European shares are trading lower. CAC 40 of France is adding 19.37 points or 0.25 percent. DAX of Germany is down 11.40 points or 0.05 percent. FTSE 100 of England is gaining 23.38 points or 0.26 percent. The Swiss Market Index is sliding 107.23 points or 0.90 percent.

Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.098 percent.