U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.24 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.34 percent.
Yahoo shares traded in Frankfurt
Investors were bracing for a raft of earnings on Wednesday, with Morgan Stanley
After the bell on Tuesday, shares of Gilead Sciences Inc
Computer maker Sun Microsystems Inc
Oil fell below $79 a barrel on Wednesday, extending the previous session's decline from a one-year peak after a bigger-than-expected rise in U.S. crude oil inventories.
The dollar <.DXY> edged lower against the euro and higher-yielding currencies on Wednesday as a brief recovery from a 14-month low versus a currency basket fizzled out, helped by equity market gains which encouraged risk-taking.
Japan's Nikkei average <.N225> ended flat near a three-week high, while European stocks were slightly down in morning trade, with banks such as Deutsche Bank
U.S. stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
The blue-chip Dow Jones industrial average dropped 50.71 points, or 0.50 percent, to end at 10,041.48. The Standard & Poor's 500 Index <.SPX> fell 6.85 points, or 0.62 percent, to 1,091.06. The Nasdaq Composite Index <.IXIC> shed 12.85 points, or 0.59 percent, to close at 2,163.47.
(Reporting by Blaise Robinson; Editing by Hans Peters)