| Power Options Weekly 314% gains trading Snap Inc. (SNAP),
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150% gains trading 3D Systems (DDD) JOIN NOW  | | | | The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to move to the upside as the Federal Reserve begins its two-day monetary policy meeting.
The upward momentum on Wall Street comes as bank stocks are likely to benefit from an increase by U.S. treasury yields.
Yields are moving higher as the Fed is widely expected to announce its decision to raise interest rates by 25 basis points on Wednesday.
Following the mixed performance seen last week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages eventually ended the session mixed.
While the Nasdaq inched up 6.29 points or 0.1 percent to 7,993.25, the Dow slid 181.45 points or 0.7 percent to 26,562.05 and the S&P 500 fell 10.30 points or 0.4 percent to 2,919.37.
The choppy trading on Wall Street came amid news China cancelled trade talks with the U.S. as tariffs on billions of dollars worth of goods take effect.
Traders seemed somewhat reluctant to make more significant moves, however, with the upcoming Federal Reserve meeting keeping some traders on the sidelines.
The Fed is scheduled to announce it latest monetary policy decision on Wednesday and is widely expected to raise interest rates by another quarter point.
The accompanying statement is likely to attract considerable attention along with Fed Chairman Jerome Powell's press conference as traders attempt to gauge the outlook for further rate hikes.
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At 9 am ET, Standard & Poor?s is scheduled to release its report on home prices in major metropolitan areas in the month of July. The S&P/Case-Shiller 20-City Home Price Index is expected to rise by 0.2 percent.
The Conference Board is due to release its report on consumer confidence in the month of September at 10 am ET. The consumer confidence index is expected to dip to 131.7 in September from 133.4 in August.
At 1 pm ET, the Treasury Department is scheduled to announce the results of its auctions of $38 billion worth of five-year notes. | | | | | Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here | | | |
European stocks have moved to the upside on Tuesday amid reports of a compromise on Italy's budget among the government coalition members.
Analysts say that the country will not walk off the European Union, despite pressure to announce populist measures that will require billions in additional spending.
Investors are also looking ahead to the upcoming Federal Reserve meeting for clues about future rate increases.
While the U.K.?s FTSE 100 Index has climbed by 0.6 percent, the German DAX Index and the French CAC 40 Index are up by 0.2 percent and 0.1 percent, respectively.
Dutch financial services company Aegon NV has jumped after the company announced it expects a one-time benefit to capital generation of approximately $1 billion as a result of the merger of two legal entities.
Italian high-tech firm Leonardo has also rallied after reaching a deal with the U.S. Air Force.
Next Plc shares have soared after the company posted strong first-half trading results and raised its full-year profit estimate.
Commodity trading and mining company Glencore has also jumped after lifting its share buy-back program by an additional amount of up to $1 billion.
Meanwhile, British American Tobacco shares have fallen after the company named a new CEO.
Evonik Industries has also moved lower in Frankfurt after RAG-Stiftung announced the successful placement of a total 16.314 million shares of the company for a price of 30.65 euros per share.
On the economic front, French manufacturing sentiment deteriorated in September, survey results from the statistical office Insee showed.
The manufacturing sentiment index fell to 107 in September from 110 in August. This was the lowest score since March 2017 and well below the forecast of 109.
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Asian stocks ended mixed on Tuesday as the latest exchange of U.S.-China tariffs, rising oil prices and political turbulence in the U.S. ahead of the mid-term elections dented sentiment.
Investors also awaited cues from the U.S. Federal Reserve's monetary policy decision on Wednesday, with the central bank widely expected to raise interest rates by 25 basis points.
China?s Shanghai Composite Index dropped 16.35 points or 0.6 percent to 2,781.14 as markets resumed trading after a holiday on Monday.
Meanwhile, Japanese shares rose for a seventh straight session, helped by gains by chip-related stocks. The Nikkei 225 Index rose 70.33 points or 0.3 percent to 23,940.26 as traders returned to their desks after a long holiday weekend.
The broader Topix Index closed over 1 percent higher at 1,822.44, the highest level since early February, ahead of a Wednesday summit between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe on the sidelines of a U.N. General Assembly meeting.
Tokyo Electron rallied 2.4 percent and Advantest jumped 3.5 percent despite rising concerns over memory chip demand. Rising U.S. yields pushed up banks, with Mitsubishi UFJ Financial and Sumitomo Mitsui Financial climbing around 0.8 percent.
Oil firm Inpex rose 0.9 percent and Japan Petroleum advanced 1.5 percent. Machinery manufacturers fell on profit taking after recent sharp gains, with Hitachi Construction Machinery declining 2.6 percent and Yaskawa Electric losing 6.3 percent.
In economic news, minutes from the Bank of Japan's July meeting revealed that Japan's economic expansion is continuing at an acceptable pace.
Australian stocks finished marginally lower, as a surge in energy stocks was offset by weakness in the banking sector. Both the S&P/ASX 200 Index and the broader All Ordinaries Index finished marginally lower at 6,185.90 and 6,299.10, respectively.
An overnight rally in oil prices helped lift energy stocks, with Oil Search, Woodside Petroleum and Santos climbing 2-3 percent. Beach Energy shares surged up 6 percent. Mining heavyweights BHP Billiton and Rio Tinto rose around 0.8 percent, while banks ANZ, Commonwealth and Westpac fell over 1 percent each.
Immutep shares fell 2.2 percent on profit taking after rising almost 10 percent on Monday on news that the bio-pharma company signed a deal with Merck and Pfizer to test a cancerous tumor-fighting drug in a clinical trial backed by the two pharma giants.
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Crude oil futures are climbing $0.32 to $72.40 barrel after jumping $1.30 to $72.08 a barrel on Monday. Meanwhile, after rising $3.10 to $1,204.40 an ounce in the previous session, gold futures are inching up $0.90 to $1,205.30 an ounce.
On the currency front, the U.S. dollar is trading at 112.81 yen compared to the 112.80 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1777 compared to yesterday?s $1.1748.
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