Stock futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.356 percent and Nasdaq 100 futures up 0.35 percent at 5:44 a.m. EDT.

Tech shares will be in the spotlight after Adobe Systems Inc said it plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat looks to turn around declining sales.

Adobe shares traded in Frankfurt were down 4.2 percent, while Omniture shares traded in Frankfurt were up 27 percent.

Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc , a rival of HP.

Rogers Corp , which manufactures specialty materials for electronic and consumer markets, raised its third-quarter outlook, citing strong performance in its printed circuit materials and high performance foams segments. Shares of the company rose 6 percent in trading after the bell on Tuesday.

The yen jumped against the dollar on Wednesday, closing in on a seven-month high against the U.S. currency after Japan's incoming finance minister said a strong yen had advantages for the nation's economy. An increase in risk demand due to higher global share prices and a surge in gold prices continued to pummel the dollar, which hit a one-year low against a currency basket and a nine-month trough versus the euro.

Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.

Japan's Nikkei average <.N225> rose 0.5 percent as Canon Inc <7751.T> and other exporters powered higher, while European stocks were up 1 percent in morning trade, reaching their highest level in 11 months, propelled by banking and mining shares.

On the macro front, investors were bracing for data on consumer prices, due at 8:30 a.m. EDT, and industrial output, due at 9:15 a.m. EDT.

U.S. stocks rose on Tuesday to 2009 highs after stronger manufacturing and retail sales data boosted commodity prices and shares of materials companies. Tuesday's gains lifted the S&P 500 above the 1,050 level for the first time since early October.

The Dow Jones industrial average <.DJI> rose 56.61 points, or 0.59 percent, to close at 9,683.41. The Standard & Poor's 500 Index <.SPX> gained 3.29 points, or 0.31 percent, to 1,052.63. The Nasdaq Composite Index <.IXIC> added 10.86 points, or 0.52 percent, to 2,102.64.

(Reporting by Blaise Robinson; Editing by Hans Peters)