Please note: we will be discontinuing the Global Markets Report after 28 February.
Australian shares are set to open higher, after US stocks recovered slightly.
ASX futures were up 0.63% or 53 points as of 8:30am on Wednesday, suggesting a higher open.
US stocks staged a small recovery Tuesday, despite China's retaliation against the new US tariffs.
The moves were milder than Monday's big swings, and some signs of investor anxiety remained.
Stocks indexes rose. The Dow industrials added 0.1%, and the S&P 500 climbed 0.5%. The tech-heavy Nasdaq Composite led gains, up 1.1%.
In commodity markets, Brent crude oil was up 0.05% to US$76.00 a barrel, while gold was up 0.93% to US$2,841.52.
The Australian dollar was at 62.57 US cents, up from its previous close of 62.24.