European stocks are likely to open on a positive note Wednesday after reports suggested that Washington is laying the groundwork for a delay in the latest tariffs on China, due to take effect on Sunday.
However, White House economic adviser Larry Kudlow said the "tariffs are still on the table"....
Asian stock markets are mostly higher on Wednesday despite the negative cues overnight from Wall Street. However, gains are modest in most markets lingering uncertainty about a U.S.-China trade deal before additional American tariffs on Chinese goods are set to kick in on December 15. Investors are also looking ahead to the U.S. Federal Reserve's monetary policy decision due later in the day.
Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing slightly lower.