US equity futures were higher pre-bell Wednesday after President Donald Trump signaled a possible softer trade policy against China.
Dow Jones Industrial Average futures rose 1.7%, S&P 500 futures increased 2.3%, and Nasdaq futures were up 2.7%.
Trump said Tuesday he was optimistic on improving trade relations with China and tariffs on Chinese goods could "come down substantially," news outlets reported. He also said that he has no plans of firing Federal Reserve Chair Jerome Powell.
Oil prices were little changed, with front-month global benchmark North Sea Brent crude hovering around $67.36 per barrel and US West Texas Intermediate crude was at $63.58 per barrel.
New home sales, scheduled for release at 10 am ET, are seen rising to 684,000 annual rate for March from 676,000 in February, according to estimates compiled by Bloomberg.
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