Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, moved marginally lower to 2.217 percent, while the yield on the 30-year Treasury bond was also lower at 2.92 percent.
In economic news, the October read on the U.S. producer price index came in unchanged, versus an expected increase of 0.3 percent. Industrial production for October was also unchanged.
Meanwhile, mortgage applications fell 9 percent amid the sharp increase in interest rates. Other reports released Wednesday included the Home Builders/Wells Fargo Housing Market index, which showed sentiment held steady.
Several Federal Reserve officials are also scheduled to speak, including Philadelphia Fed President Patrick Harker speaks at 5:30 p.m. ET. St. Louis Fed President James Bullard spoke Wednesday morning, saying he would be surprised if the central bank did not raise rates next month.
Minneapolis Fed President Neel Kashkari unveiled a plan to tackle "too big to fail" banks in another speech.
U.S crude had risen almost 6 percent on Tuesday after investors' hopes were renewed that OPEC would implement a production cut at a key meeting later in November.
—CNBC's Patti Domm contributed to this report.