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Futures Point To Negative Bias For Wall Street At Opening


Investors are highly alert on growing trade tensions and threats to the economy. The oil and currency market are also fluctuating these days.

Initial signs from the U.S. Futures index suggest that Wall Street might open moderately lower on Wednesday.

Asian shares finished recorded a come back, while European shares are trading broadly down.

As of 7.45 am ET, the Dow futures were down 22.00 points, the S&P 500 futures were declining 4.00 points and the Nasdaq 100 futures were losing 28.50 points.

U.S. stocks closed broadly down on Tuesday. The tech-heavy Nasdaq inched up 2.07 points or less than a tenth of a percent to 7,738.02, the Dow dipped 56.21 points or 0.2 percent to 26,430.57 and the S&P 500 edged down 4.09 points or 0.1 percent to 2,880.34.

On the economic front, the Labor Department's PPI-FD for September will be published at 8.30 am ET. The consensus is for increase of 0.2 percent, versus a decline of 0.1 percent in the prior week.

Atlanta Fed Business Inflation Expectations for October will be issued at 10.00 am ET. In the prior month, the expectations were up 2.2 percent.

The Commerce Department's Wholesale Trade for August will be released at 10.00 am ET. The consensus is for 0.8 percent, up from 0.6 percent.

10-year Treasury Note auction will be held at 1.00 pm ET.

Chicago Federal Reserve Bank President Charles Evans will deliver a speech on US economic outlook at the Flint & Genesee Chamber of Commerce Luncheon in Flint, Michigan, with audience Q&A at 12.15 pm ET.

Atlanta Federal Reserve Bank President Raphael Bostic will participate in armchair discussion on economic outlook at the National Association of Corporate Directors at the Buckhead Club in Atlanta, Georgia, followed by audience Q&A at 6.00 pm ET.

In the corporate sector, Mednax, Inc. announced the acquisition of South Dade Neonatology, a private neonatology practice based in Miami. Mednax noted that this was a cash transaction and it is expected to be immediately accretive to earnings.

Asian stocks ended higher on Wednesday. Chinese shares ended a tad higher. The benchmark Shanghai Composite index gained 4.82 points or 0.18 percent to finish at 2,725.84, while Hong Kong's Hang Seng index finished 20.16 points or0.08 percent at 26,193.07.

Japanese shares ended a choppy session slightly higher. The Nikkei average rose 36.65 points or 0.16 percent to 23,506.04 while the broader Topix index closed 0.16 percent higher at 1,763.86.

Australian markets edged up slightly. The benchmark S&P-ASX 200 inched up 8.70 points or 0.14 percent to 6,049.80 while the broader All Ordinaries index ended up 8.30 points or 0.13 percent at 6,163.80.

European shares are broadly down. France's CAC 40 is declining 31.08 points or 0.58 percent. Germany's DAX is down 57.39 points or 0.48 percent. FTSE 100 of U.K. is slightly up 3.00 points or 0.04 percent. Swiss Market Index is adding 16.14 points or 0.18 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is declining 0.20 percent.

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