India, July 23 -- After recovering from an early slump to end the previous session mixed, stocks are likely to move mostly higher in early trading on Wednesday. The major index futures are currently pointing to initial strength on Wall Street, with the S&P 500 futures up by 0.3 percent.
The upward momentum on Wall Street comes after President Donald Trump announced trade deals with Japan and the Philippines.
The "largest ever" U.S. trade deal with Japan features a 15 percent tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.
Trump claimed the U.S. would receive 90 percent of profits from the agreement a...