Here is what you need to know.
The September FOMC minutes are coming. Investors will have the opportunity to learn more about the three dissents that occurred at the September meeting as the latest Federal Open Market Committee minutes are scheduled to be released at 2 p.m. ET. The minutes could set the stage for an interest-rate hike before the end of the year. Fed fund futures data compiled by Bloomberg shows a 17.1% chance of a rate hike at the November meeting and a 67.6% chance of a rate hike before the end of the year.
The British pound is surging. Sterling is clawing back some of the losses from the past week, trading up 1.2% at 1.2267 versus the dollar. According to The Wall Street Journal, the pound is at its weakest level ever against a basket of trade-weighted currencies.
Thailand's currency is tumbling. The baht is weaker by 0.7% at 35.714 per dollar on Wednesday; it has lost 2.4% since Friday's close amid the declining health of King Bhumibol Adulyadej.
Steel demand will improve in 2017. The World Steel Association says stronger-than-expected demand from China and emerging markets will boost global demand by 0.5% in 2017.
Samsung slashed its profit forecast. The electronics giant trimmed its third-quarter operating profit guidance to 5.2 trillion won ($4.66 billion) from 7.8 trillion won as a result of its permanently stopping the production of its Galaxy Note 7 smartphone.
Deutsche Bank raised more cash. On Tuesday, the bank raised $1.5 billion through the sale of five-year notes. That comes after Friday's offering that raised $3 billion.
Volkswagen may force a bunch of workers to take early retirement. The German automaker is considering forcing 2,500 workers a year for the next 10 years to take early retirement, Handelsblatt reports, citing Bernd Osterloh, the chief of the carmaker's influential works council.
Earnings reporting is light. CSX will release its quarterly results after the markets close.
Stock markets around the world are lower. Japan's Nikkei (-1.1%) trailed in Asia, and Britain's FTSE (-0.3%) lags in Europe. S&P 500 futures are down 2.75 points at 2,131.75.
US economic data is light. JOLTs Job Openings will be reported at 10 a.m. ET. The US 10-year yield is up 2 basis points at 1.78%.
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