US STOCKS-Wall Street set to open higher on hopes of accommodative Fed

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* Two-day Fed policy meeting starts Tuesday
* Draghi puts further ECB easing firmly on the table
* Facebook up after revealing cryptocurrency plans
* Boeing rises on new orders at Paris Airshow
* Futures up: Dow 0.54%, S&P 0.58%, Nasdaq 1.07%

(Updates prices, adds comments)
By Shreyashi Sanyal
June 18 (Reuters) - Wall Street's main indexes were set to
open higher on Tuesday, as more dovish calls from the European
Central Bank lifted expectations of a similar accommodative
stance from the Federal Reserve.
The U.S. central bank is expected to leave interest rates
unchanged at its two-day policy meeting starting Tuesday, but is
widely seen as laying the foundation for a cut later this year.
The Fed's statement at 2 p.m. EDT (1800 GMT) on Wednesday
will likely provide insights into the impact of the U.S.-China
trade war, President Donald Trump's calls for a rate cut and
weaker economic data on monetary policy. "A rate cut this week is off the table. But all eyes and
ears will be tuned into what the Fed Chairman says about the
outlook and how he hints about what is next," said Steven
Skancke, chief economic adviser at wealth management and
investment advisory firm Keel Point in Washington.
"The big belief is for a rate cut in September but everyone
is looking for a hint that it might come at the next meeting at
the end of July."
Sentiment was buoyed by ECB President Mario Draghi's
comments indicating a possibility of new rate cuts or asset
purchases.
At 8:35 a.m. ET, Dow e-minis 1YMc1 were up 141 points, or
0.54%. S&P 500 e-minis ESc1 were up 16.75 points, or 0.58% and
Nasdaq 100 e-minis NQc1 were up 80.5 points, or 1.07%.
Large-cap volatile favorites such as Facebook Inc FB.O ,
Apple Inc AAPL.O , Amazon.com Inc AMZN.O , Microsoft Corp
MSFT.O and Netflix Inc NFLX.O were on pace to extend
Monday's gains.
Facebook climbed 1.9% premarket after it revealed plans to
launch a cryptocurrency called Libra, the latest development in
its effort to expand beyond social networking and move into
e-commerce and global payments. Boeing Co BA.N rose 1.1% after the planemaker bagged its
first orders for its 787 Dreamliner passenger jets, shrugging
off a slow start at the Paris Airshow. General Electric Co GE.N inched up 0.7% as the industrial
conglomerate's joint venture CFM International received an order
for jet engines worth $2 billion at list prices, a day after
Indian airline IndiGo placed a $20 billion order for CFM's
engines.
Investors also braced for the Group of 20 summit at the end
of the month, for signs of progress on resolving the prolonged
trade war between the United States and China.