Futures climb as investors brace for a Fed rate hike, while oil prices slide and global markets show mixed results.
Brent crude slid 0.7% to $107.92 a barrel.
WTI dropped 1.2% to $104.55 per barrel.
Nasdaq-100 futures climbed 0.4% as tech sector showed resilience.
S&P 500 futures gained 0.2% ahead of the Fed decision.
Dow futures added 77 points, or 0.2%, in pre-market trading.
European Stoxx 600 rose 0.4% in broad-based gains.
London's FTSE 100 climbed 0.4%.
Japan's Nikkei 225 fell 0.34% amid mixed Asian session.
Australia's S&P/ASX 200 gained 0.24%.
South Korea's Kospi added 0.12%.
Hong Kong's Hang Seng slipped 0.18%.
10-year Treasury yield hovered near 5% ahead of Fed decision.
30-year Treasury yield stood at 5.374%.
U.S. stock futures edged higher Wednesday as markets prepare for the Federal Reserve's first interest rate hike since 2023. Traders are pricing in a 92.5% probability of a quarter-point increase, even as oil prices retreat and inflation concerns persist.
Markets are anticipating a hike due to stubborn inflation levels, with the Fed aiming to manage economic stability despite pressure to keep rates steady.