Stock index futures pointed to a stronger open for Wall Street on Wednesday, recovering the ground lost in the previous session, on optimism for corporate earnings after forecast-beating results from Dell
At 0952 GMT, futures for the Dow Jones, S&P 500 and Nasdaq were all up 0.4 percent.
The FTSEurofirst 300 <.FTEU3> index of leading European shares was up 0.4 percent at 1,185.06 points, with French bank Societe Generale
U.S. producer prices are expected to have risen by 0.8 percent overall and 0.2 percent excluding food and energy, according to analysts polled by Reuters. IFR sees the overall rate being lifted by a 2.2 percent rise in energy, slightly slower than December's 3.7 percent rise due to less inflationary seasonal adjustments in gasoline, and a 1.0 percent rise in food.
Some softening is expected in January industrial output, which is forecast to rise by 0.5 percent compared with the previous month's 0.8 percent increase.
Housing starts, are expected to have risen by 11,000 to 540,000, while building permits probably fell.
The release of FOMC Minutes from the Federal Reserve's January meeting may show some discussion of the QE2 program being tapered off.
Like other media companies, such as Time Warner
Abercrombie & Fitch
French drugmaker Sanofi-Aventis
Trian Group offered to buy Family Dollar Stores
U.S. stocks slipped off 2-1/2-year highs on Tuesday. U.S. retail sales data cast doubts on a rebound in consumer spending, a vital part of the economic recovery.
The Dow Jones industrial average <.DJI> lost 0.34 percent; the Standard & Poor's 500 Index <.SPX> fell 0.32 percent; the Nasdaq Composite Index <.IXIC> slipped 0.46 percent.
(Reporting by Brian Gorman; Editing by Erica Billingham)