US STOCKS-Wall Street set for subdued open ahead of Fed statement

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* All eyes on Fed statement, Powell's speech
* China says positive outcomes possible in trade talks
* Adobe rises on results beat
* Futures up: Dow 0.06%, S&P 0.02%, Nasdaq 0.11%

(Updates prices, adds comments)
By Shreyashi Sanyal
June 19 (Reuters) - U.S. stock index futures pointed to a
flat opening for Wall Street's main indexes on Wednesday, as
investors refrained from taking positions ahead of the Federal
Reserve's policy statement that is expected to open the door to
future interest rate cuts.
Bets of a rate cut have helped markets climb in June, with
the S&P 500 .SPX index gaining 6% so far and about 1% away
from its all-time high hit in early May.
The Fed's statement and new economic projections are to be
released at 2 p.m. ET (1800 GMT), giving investors an idea on
how a prolonged U.S.-China trade conflict, President Donald
Trump's demands for a rate cut and softer-than-expected economic
data have impacted monetary policy thinking. Fed Chair Jerome Powell will hold a press conference at 2:30
p.m. ET (1830 GMT).
"Expectations remain elevated over a rate cut in July and
investors will be closely scrutinizing the statement for
confirmation of a cut next month," said Lukman Otunuga, a
research analyst at ForexTime Limited in London.
"Should the Fed sound less dovish than expected or
completely omit any hints about taking action next month, it
could send equity markets sliding."
Global financial markets have been fired up by European
Central Bank President Mario Draghi's Tuesday volte-face on
policy easing and as investors bet on a worldwide wave of
central bank stimulus.
At 8:27 a.m. ET, Dow e-minis 1YMc1 were up 17 points, or
0.06%. S&P 500 e-minis ESc1 were up 0.5 points, or 0.02% and
Nasdaq 100 e-minis NQc1 were up 8.75 points, or 0.11%.
Sentiment was also buoyed by hopes of progress on U.S.-China
trade dispute, with Beijing hinting that positive outcomes were
possible in negotiations with Washington, after the world's two
largest economies agreed to revive their troubled talks at a G20
meeting this month.
Trade-sensitive industrial giants Boeing Co BA.N and
Caterpillar Inc CAT.N rose in premarket trading, while
semiconductor companies, which source and supply products to
China, also moved higher.
Boeing shares inched up 0.5% as the planemaker secured
orders from Taiwan's China Airlines 2610.TW and Qatar Airways
at the Paris Airshow, a day after IAG ICAG.L placed a lifeline
order for the grounded 737 MAX jet. Among other stocks, Adobe Inc ADBE.O jumped 4% after the
Photoshop software provider beat analysts' estimates for
quarterly profit and revenue. TripAdvisor Inc TRIP.O gained 3.4% after SunTrust Robinson
upgraded the company's stock to "buy."