India, May 7 -- Following the pullback seen over the two previous sessions, stocks are likely to move back to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P futures up by 0.3 percent.
The futures advanced following news that Treasury Secretary Scott Bessent will meet with China's lead representative on economic matters during a trip to Switzerland on Thursday.
"My sense is that this will be about de-escalation, not about the big trade deal," Bessent told Fox News. "But we've got to de-escalate, before we can move forward."
Bessent called the massive tariffs imposed by the U.S. and China the "equivalent of an embargo," adding, "We don't want to decoup...