Dow I Before The Bell: Dow futures cautiously edge higher amid trade war jitters
Sam Meredith 2 minutes- SOURCE. CNBC U.S. stock index futures were slightly higher Wednesday morning, amid simmering trade tensions between the world’s two largest economies. At around 6:10 a.m. ET, Dow futures indicated a positive open of more than 45 points. Futures on the S&P and Nasdaq were slightly higher. Signs that China is stepping in to steady the yuan appeared to help soothe investor concerns of a global currency war on Wednesday. It comes after a period of heavy selling pressure at the start of the week. The People’s Bank of China (PBOC) set the official midpoint reference for yuan at 6.9996 on Wednesday, just a hair away from the psychologically important 7-per-dollar level. The latest yuan fixing was slightly weaker-than-expected, keeping markets nervous about its intentions. Beijing let the yuan breach that 7-per-dollar level for the first time in 11 years on Monday, shortly after President Donald Trump threatened