Futures climb on Ukraine peace talks, Fed decision ahead

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(Reuters) – U.S. stock index futures surged on Wednesday, spurred by signs of progress in Ukraine-Russia peace talks, while investors braced for a widely expected Federal Reserve interest rate hike later in the day. Sentiment was also boosted after China said it would roll out policy steps favorable for its capital markets and strive to reach an agreement on China-U.S. audit supervision cooperation, fueling a rally in U.S.-listed China shares. The Fed is seen as raising interest rates by at least 25 basis points in what would be the first in a series of interest-rate hikes this year, as the ce…

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