Top 5 things to know in the market on Wednesday

1. U.S. Futures Edge Lower, Yield Curve Stays Inverted

U.S. stock index futures pointed to a cautiously higher open, with investors keeping their eyes on movements in the U.S. Treasury market, where the yield curve remained inverted for the fourth consecutive session.

At 5:45 AM ET (10:45 GMT), the blue-chip Dow futures were down 42 points, or about 0.15%, the S&P 500 futures dipped 2 points, or around 0.1%, while the tech-heavy Nasdaq 100 futures indicated a flat open.

U.S. Treasury bond yields continued to dictate sentiment, with the benchmark 10-year note standing at 2.38%, not far from yesterday's 2017 low of 2.37%.

The inverted yield curve is widely considered to be a leading indicator of recession.

2. Boeing to Brief Pilots, Regulators on 737 MAX Fix

It's a big day for Boeing (BA.US) as it attempts to rebuild trust following two deadly crashes of 737 MAX airliners.

The company will brief more than 200 global airline pilots, technical leaders and regulators on software and training updates for its 737 MAX aircraft.

The session in Renton, Washington is part of an effort to reach all current, and many future, 737 MAX operators and their home regulators to discuss software and training updates to the jet, Boeing said in a statement.

The 737 MAX is Boeing's best-selling plane, with orders worth more than $500 billion at list prices.

3. Brexit 'Indicative Votes'

British Prime Minister Theresa May is expected to indicate a date for quitting as the price for getting her twice-defeated Brexit deal ratified, while parliament tries to select its own alternative from a multiple-choice list of options ranging from a much closer post-exit alignment with the EU to leaving without a deal or revoking the divorce papers.

With British politics at fever pitch, May is expected to indicate a date for her departure at a showdown with Conservative Party lawmakers at a meeting of the 1922 Committee in Westminster at around 19:00 (GMT +2).

Before that, lawmakers start a debate on what sort of EU divorce the world's fifth largest economy should go for. They will vote at 21:00 (GMT +2) on a ballot paper for as many proposals as they wish. Results will be announced after 23:00 (GMT +2).

4. Dovish Draghi

The European Central Bank is willing to further delay a planned interest rate hike if necessary and may look at measures to mitigate any side effects of negative interest rates, ECB President Mario Draghi said.

"Just as we did at our March meeting, we would ensure that monetary policy continues to accompany the economy by adjusting our rate forward guidance to reflect the new inflation outlook," Draghi told a conference in Frankfurt.

Reversing course earlier this month amid an unexpected slowdown, the ECB has put plans to 'normalize' policy on hold, providing banks with even more liquidity and delaying a rate hike from record lows until next year.

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