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Top 4 things to know about the market on Wednesday
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Loading...1. Trump hints that he can delay new tariffs for China
Markets will closely observe the trade talks between the US and China to see whether new news will emerge due to rumors that the two largest economies in the world are working to resolve their differences.
US Treasury Secretary Steven Mnuchin, along with US Trade Representative Robert Lighthizer, arrived in Beijing on Tuesday. The two will hold talks Thursday and Friday with vice-premier Liu He, Xi's biggest economic adviser.
Washington and Beijing are trying to reach an agreement before the March 1 deadline, when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25% from 10%.
US President Donald Trump said on Tuesday he could withdraw the deadline if the two sides are close to reaching a deal.
2. US futures point to green opening
US stock futures point to a higher opening, as optimism in the US-China trade dispute has increased.
At 12:20 GMT, the blue chip futures (DJIA) climbed 52 points, or about 0.2 percent, the S & P 500 futures by 4 points, or approximately 0.15 percent, while the technological futures Nasdaq 100 showed an increase 24 points, or about 0.35%.
3. Cisco Reports (CSCO.US)
In today's busy day for corporate earnings, investors will focus on Cisco (CSCO.US), which reports after the bell. The company is expected to post earnings per share of $ 0.72 on revenue of $ 12.41 billion.
4. US Inflation data on focus
On the data front, the Commerce Department will publish the consumer price index in January at 15:30. (GMT +2). Consumer prices are expected to have risen 0.1% last month and on an annual basis the consumer price index is projected to grow by 1.5%.
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