US stock index futures were higher on Wednesday morning, with market participants hoping the trade authorities of China and the United States would reach an agreement.
Investors continue to follow the news of the US trade negotiations. and China. President Donald Trump suggested on Tuesday that he might be open to postponing the current early March deadline for both parties to reach an agreement. If an agreement is not reached, higher tariffs will be generated in the United States for Chinese products.
The positive sentiment in the stock markets is also linked to a tentative agreement on the financing of border security, which could prevent another government shutdown. President Trump said on Tuesday he is not happy with this proposal, but added that he will study its details.
In corporate news, Teva Pharma and Cedar Fair are among the top companies that are expected to report their latest quarterly results before the opening. AIG, Cisco Systems and SVMK must post their earnings after market close.
On the data front, there will be CPI numbers at 8.30 a.m. Eastern time and the monthly federal budget will come out at 2 p.m. ET time.