U.S. equities are indicating a open in positive territory on Wednesday, with futures on the S&P 500, the Dow Jones and the Nasdaq 100 gaining between 0.3% to 0.5%. The Federal Reserve is expected to declare its willingness to act against the slowing growth of the U.S. economy when it holds its press conference later today. Automatic Data Processing (ADP) is scheduled to announce its employment figures at 12:15 GMT. Economists are expecting 120,000 jobs to have been created in July, down from the 176,000 figure we saw last month. The Mortgage Bankers Association announces its mortgage market index for the week ended July 27 at 11:00 Eastern Time. The mortgage index was 943.6 and the refinancing index read 5,411.6 for the previous relevant period. The Institute for Supply Management releases its manufacturing index for the month of July at 14:00 GMT. Analysts are expecting a number of 50.2, versus the 49.7 reading we saw in June.
