Stocks rise in tepid cheer for US-China talks
SINGAPORE (Reuters) -U.S. stock futures bounced and the dollar rose on Wednesday on news of an upcoming meeting between top U.S. and Chinese trade officials, though Asian markets were cautious about prospects for any tariff deal, ahead of a Federal Reserve rates decision. "My sense is this will be about de-escalation," U.S. Treasury Secretary Scott Bessent said of the meeting, set for the weekend in Switzerland, while China sounded more guarded and cited a proverb about actions speaking louder than words. S&P 500 futures rose about 0.6% as did Hong Kong's Hang Seng, both giving up larger early rises through the Asia session.