1. Trump-Xi meeting on focus

U.S. stock futures pointed to a flat to lower open on Wednesday morning as investors remained cautious before the summit meeting between U.S. President Donald Trump and Chinese leader Xi Jinping on Thursday.

The blue-chip Dow futures was up 14 points, or around 0.06%, by 06.02 ET, the S&P 500 futures dipped 0.5 points, while the tech-heavy Nasdaq 100 futures dipped 2.12 points.

In Europe, stocks were broadly lower with Germany’s DAX down 0.29%, but London’s FTSE 100 rose 0.3% as miners were boosted by an overnight rise in copper prices.

In Asia, Chinese equities shrugged off concerns over the Trump-Xi meeting. The Shanghai Composite ended with gains of 1.5% after news that Beijing is to launch a new special economic zone in Hebei province.

2. Dollar struggles for direction

The dollar struggled to break through as demand for the safe haven JPY prevailed after North Korea fired a ballistic missile into the sea ahead of Thursday’s summit between U.S. and Chinese leaders.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 100.36. The dollar was a touch higher against the Japanese currency, with USD/JPY edging up 0.14% to 110.90.

EUR/USD was steady at 1.0665 as investors assessed the second presidential debate ahead of French elections.

3. ADP report, Fed minutes ahead

Payroll data provider ADP is to publish a survey of U.S. private sector hiring at 12:15 GMT which is expected to show jobs growth of 187,000 last month. The ADP may give an indication to the strength of the upcoming NFP report this Friday.

Traders will be watching to see if the health of the labor market dovetails with the Federal Reserve’s assessment of the economy when the central bank publishes the minutes of its latest meeting at 18:00 GMT.

4. Oil prices rise to 1-month highs

Oil prices climbed for a second day on Wednesday, touching a one month high as a decline in U.S. crude stocks lifted hopes that an OPEC-brokered output cut is reducing a global glut, while an unplanned production outage in the North Sea also lent support.

U.S. crude stockpiles fell by a larger-than-forecast 1.8 million barrels last week, the American Petroleum Institute reported on Tuesday.

Traders were turning their attention to the government’s inventory data, due out at 14:30 GMT to see if it would confirm the drop. Global benchmark Brent crude rose 70 cents to $54.84 a barrel, while U.S. crude was up 61 cents at $51.64.