U.S. stock futures lower  in pre-market trading for Wednesday, August 15.The Nasdaq Futures is trading at 7,457.50 up with +0.55% percent or +38.25 point.The Dow Futures is trading at 25,323.00 up with +0.43% percent or +108.00 point.The S&P 500 Futures is trading at 2,837.50 up with +0.42% percent or +12.00 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,356.08 up with +2.28% percent or +498.65 point. Hong Kong’s Hang Seng is trading at 27,719.23 with a loss of -0.78% percent or -217.34 point. China’s Shanghai Composite is trading at 2,780.96 with a loss of  -0.18% percent or  -4.91  point. India’s BSE Sensex is trading at 37,892.07 up with +0.66% percent or +247.17 point at 12:15 PM.The FTSE 100 is trading at 7,642.20 with a loss of -0.0033% percent or -0.25 point. Germany’s DAX is trading at 12,393.71 up with +0.28% percent or +34.97 point. France’s CAC 40 is trading at 5,428.31  up with +0.30% percent or +15.99 point. The Stoxx Europe 600 is trading at 385.99 with up with +0.29% percent or +1.12 point.

Wednesday’s Factors and Events

U.S. stock index futures came under pressure ahead of Wednesday’s open, as tensions between the United States and Turkey increased.

Around 7 a.m. ET, Dow Jones Industrial Average futures fell 147 points, indicating a decline of 140.92 points at the open. S&P 500 and Nasdaq 100 futures also pointed to a downbeat start to the day.

Ankara’s government announced on Tuesday new levies on American cars, cigarettes and alcohol, escalating tensions between the two nations.

Turkey’s financial troubles have recently sparked fear of contagion with the country’s currency having taken a deep slide. The lira fell to an all-time low earlier this week before rebounding. Pressure has ramped up in recent days, as market-watchers became jittery after U.S. President Donald Trump saying last week that he was in support of doubling metal tariffs on Turkey.