India, Dec. 11 -- FOMC announcement and Fed press conference are the major focus on Wednesday. Consumer Price Inflation report also might influence investor sentiments.

The market is closely watching U.S.-Chinese trade negotiations.

Asian shares finished mostly higher, while European shares are trading mixed.

Initial trends from U.S. Futures Index suggest that Wall Street might open mostly higher.

As of 8.10 am ET, the Dow futures were down 32.00 points, the S&P 500 futures were adding 2.50 points and the Nasdaq 100 futures were up 15.50 points.

The U.S. major averages ended Tuesday slightly lower. The Dow slipped 27.88 points or 0.1 percent to 27,881.72, the Nasdaq edged down 5.64 points or 0.1 percent to 8,616.18 and the S&P 500 di...