FX.co ★ US Futures Jump on News of US-China Trade Talks

U.S. stock futures gained ground on Wednesday following reports that Treasury Secretary Scott Bessent and top trade official Jamieson Greer are scheduled to meet with their Chinese counterparts in Switzerland this week to discuss economic and trade concerns. This development has buoyed investor sentiment ahead of the Federal Reserve’s policy decision, where it is widely anticipated that the central bank will maintain current interest rates. Investors are keenly awaiting Fed Chair Jerome Powell's comments, looking for any hints regarding future interest rate adjustments, particularly as political pressure mounts to relax monetary policy. In corporate developments, AMD shares experienced a roughly 2% increase following the announcement of better-than-expected quarterly earnings. Conversely, Rivian saw a decline of over 1% due to a revised downward projection of its 2025 delivery forecast. On Tuesday, the major indices saw losses during regular trading: the Dow Jones Industrial Average decreased by 0.95%, the S&P 500 dropped by 0.77%, and the Nasdaq Composite fell by 0.87%.