U.S. stock index futures indicated a higher open Wednesday, following some hefty selling in global equity markets, as investors eyed an upcoming rate decision by the U.S. Federal Reserve.
Its post-meeting is not expected to shed any light on the timing of its next rate rise. But it is expected to continue to say it will hike rates if the economic data is good enough.
The Fed could also note that it is monitoring international developments, particularly since the upcoming U.K. vote on exiting the European Union has been troubling markets. Investors continue to fret over a so-called Brexit with daily polls showing a strengthening for the leave campaign.
U.S. stocks closed lower Tuesday, amid declines in oil prices. On Wednesday morning, European stocks traded higher after a rocky start in Asia.
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