U.S. stock index futures were lower Wednesday morning, amid simmering trade tensions between the world's two largest economies.
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.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 Presidentthe U.S. that designating it as a currency manipulator would have severe consequences for the global financial order.In corporate news,
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