US stock futures (ES=F, NQ=F, YM=F) and US Treasury yields (^TYX, ^TNX, ^FVX) are moving higher in Wednesday's pre-market trading as the Federal Reserve is anticipated to cut interest rates for the first time in four years coming out of its September policy meeting later today.

Investors are going back and forth on whether the central bank will ease rates by as little as 25 basis points or as much as 50 basis points. The CME FedWatch tool measures that 65% of investors are pricing in a 50-basis-point cut.

Alphabet's Google (GOOG, GOOGL) won an antitrust suit in EU courts, overturning a $1.7 billion fine originally levied against the tech giant for its dominance in the advertising space.

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This post was written by Luke Carberry Mogan.