U.S. stock futures are lower on Wednesday and global stocks retreat amid global growth concerns; oil rebounds modestly after a record 12-day slide; Cisco and Macy's report earnings; the FAA begins a review of Boeing's safety analyses after the fatal Lion Air crash.

Global stocks retreated Wednesday as investors reacted to both an extended slide in crude oil prices and data showing contraction in two of the world's biggest economies, both of which suggest that the ongoing trade dispute between the U.S. and China is harming growth prospects.

Top executives face lawmakers over hack that has affected 9.4 million passengers, and say there was 'no attempt to cover anything up'

Sales of new homes fell 1.3 per cent from a year earlier in October

Sides have 'deepened mutual trust and understanding … managed our differences peacefully', says Singapore's Prime Minister Lee Hsien Loong Philippine President Rodrigo Duterte says biggest threat to safety in disputed waterway comes from countries outside the region

Babytree said it plans to raise as much as US$282 million from the offering, down from its initial target of US$1 billion The shares will be priced in a range between HK$6.8 and HK$8.8, with the offering starting on Thursday

Shares on the mainland also trade lower

Latest Chinese data shows economy is not collapsing, but raises questions about the outlook for consumer spending Data suggests government's stimulus efforts are starting to bear fruit

Average annual rents in Causeway Bay stood at US$2,671 per sq ft at the end of second quarter Sixth time in 30 years that Causeway Bay has been ranked number one

Chinese investors make a strategy U-turn as markets such as Vancouver and London are no longer so welcoming