U.S. stock futures bounce on China trade talks

News Snapshot:

U.S. stock futures bounced and Asian currencies rose on Wednesday, as investors welcomed news of a meeting between top U.S. and Chinese trade officials, set for the weekend in Switzerland, as a chance to tone down the trade war. “My sense is this will be about de-escalation,” U.S. Treasury Secretary Scott Bessent said on Fox News. S&P 500 futures rose about 0.9%, recouping what had been a fall in the cash session when U.S. President Donald Trump had seemed to strike a more confrontational tone. Stock markets in Japan and Australia edged higher. The dollar rose a little bit on...