FX.co ★ US Futures Rise on Wednesday

On Wednesday, U.S. stock futures experienced a modest increase, with the main indexes' futures rising by 0.3%, as traders kept a close watch on trade announcements. President Trump indicated that new updates would be forthcoming later in the day. He also announced plans to impose a 50% tariff on copper imports and threatened tariffs up to 200% on pharmaceutical imports, although he signaled a delay of 12 to 18 months for these to take effect, allowing time for industry adjustments. Meanwhile, market participants are eagerly anticipating the release of the Federal Open Market Committee (FOMC) minutes for more clarity on the Federal Reserve's interest rate policy. There's prevailing speculation of two potential 25 basis-point cuts by the year's end, with a 63% probability of the first reduction occurring in September. In the corporate sector, premarket activities showed a mixed bag for megacap companies: Nvidia, Microsoft, Amazon, Meta, Alphabet, and Tesla all posted gains of around 0.3-0.9%, whereas Apple remained steady, and Broadcom dipped slightly by 0.3%.