FX.co ★ US Stocks Set to Open Higher

On Wednesday, U.S. stock futures experienced an uptick, with contracts across the three major indices climbing approximately 0.6%, rebounding from two days of losses. This positive shift in investor sentiment was prompted by the announcement of impending US-China trade talks scheduled for the weekend in Switzerland. Treasury Secretary Bessent indicated that the discussions would emphasize de-escalation rather than immediately securing a trade agreement, potentially paving the way towards resolving ongoing trade disputes and lowering tariffs. Traders are closely monitoring the Federal Open Market Committee (FOMC) decision expected later today, particularly focusing on Chair Powell's insights regarding the potential timeline for interest rate reductions. In the corporate realm, Disney shares soared by more than 7% in premarket trading as the company reported an unexpected rise in streaming subscribers. Additionally, Advanced Micro Devices saw a 1.2% increase following the release of better-than-anticipated quarterly performance. Conversely, Uber's shares fell nearly 4% as the company reported lower-than-expected revenue.