US equity futures experienced an upswing on Wednesday following Donald Trump's victory over Kamala Harris in the presidential elections. The Dow Jones Industrial Average futures rose by 3.2%, while S&P 500 futures saw an increase of 2.3%, and Nasdaq futures appreciated by 1.7%. Trump's election makes him the 47th president of the United States after he secured at least 277 Electoral College votes, surpassing the required 270 votes.

On another note, oil prices have dipped, with front-month global benchmark North Sea Brent crude dropping by 2% to $74.00 per barrel, and US West Texas Intermediate crude falling by 2.3% to $70.34 per barrel. Meanwhile, the Federal Open Market Committee is set to begin its two-day policy-setting meeting today..