U.S. stock index futures pointed to a lower open on Wall Street on Wednesday as investors awaited decisions from the Federal Reserve's two-day policy setting meeting.
European shares were slightly higher by mid-morning on Wednesday, paring gains after the number of UK jobless rose above 2 million, hitting British stocks.
The Federal Reserve finishes up its policy meeting and is expected to hold its target range for the benchmark overnight federal funds rate steady at zero to 0.25 percent, while indicating it will keep rates low for some time.
The Wall Street Journal reported that International Business Machines
U.S. consumer prices are estimated to have risen modestly in February, boosted by a rise in gasoline prices, with the consumer price index excluding food and energy items rising just slightly.
U.S. stocks surged on Tuesday as an unexpected leap in housing starts pushed Home Depot and other retailers higher while bullish comments from a broker on Cisco Systems helped technology shares rebound.
The Dow Jones industrial average <.DJI> gained 178.73 points, or 2.48 percent, to 7,395.70. The Standard & Poor's 500 Index <.SPX> rose 24.23 points, or 3.21 percent, to 778.12. The Nasdaq Composite Index <.IXIC> jumped 58.09 points, or 4.14 percent, to 1,462.11.
(Reporting by Joanne Frearson; Editing by David Cowell)-