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It's Fed day, oil is over $45 a barrel, and Trump triumphs again. Here are some of the things people in markets are talking about today.

Fed day

At 2 p.m. ET today the Federal Reserve will announce its latest monetary policy decision. With precisely 100 percent of economists surveyed by Bloomberg expecting no change at today's meeting and no press conference after the announcement, all eyes will be on the statement and whether a line on the 'balance of risks' is included, which may signal a rate move in June. With confidence high that the U.S. central bank will stand pat, Treasuries have have snapped their worst run of declines in three years after suffering seven straight days of losses

Oil highest since November

This morning West Texas Intermediate futures traded higher than $45 a barrel for the first time since November 2015. The move higher will come as a relief to oil majors that are in the middle of a first-quarter earnings season that is showing collapsing profits from low crude prices. The rise also pushes the price per barrel closer to $50, which is now seen as the 'magic number' for getting U.S. production back on stream.

Tech earnings

Yesterday saw disappointing earnings from Apple Inc., which was 7.3 percent lower in premarket trading at 6:00 a.m. ET, and Twitter Inc., which was 13.75 percent lower. The effects of the slump iPhone sales is still being felt on Wednesday with shares of Apple's suppliers also falling. Later today, Facebook Inc. and PayPal Holdings Inc. are due to report. Nasdaq 100 futures lost 1.1 percent by 5:50 a.m. ET. 

Stocks mixed

The MSCI Asia Pacific Index dropped 0.7 percent overnight, with China's Shanghai Composite Index slipping 0.4 percent despite a jump in industrial profits. In Europe the Stoxx 600 Index was 0.1 percent higher at 6:05 a.m. ET, recovering from losses of as much as 0.4 percent earlier as Munich Re's lower profit forecast dragged insurers lower. S&P 500 futures were 0.3 percent lower

Trump triumphs again

Republican nomination front-runner Donald Trump won all five states holding votes on Tuesday, declaring himself "presumptive nominee” in his victory speech. Hillary Clinton won four states, sealing her claim on the Democratic nomination

What we've been reading 

This is what's caught our eye over the last 24 hours.

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