Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.4 percent at 4:38 a.m. ET.
European stocks were up 1.3 percent in morning trade, led by buoyant banking shares such as Societe Generale
On the economic front on Wednesday, investors were awaiting the monthly ADP U.S. national employment report, due at 8:15 a.m. ET, seeking clues as to Friday's key non-farm payroll report. Aside from that, January's U.S. ISM report and December U.S. construction spending data will both be unveiled at 10 a.m. ET.
Facebook was expected to submit paperwork to regulators on Wednesday for a $5 billion initial public offering and has selected Morgan Stanley
The U.S. Federal Reserve's pledge to keep interest rates at rock-bottom levels until late 2014 undercut what little confidence Main Street investors had in the markets, Charles Schwab Corp's
C.H. Robinson Worldwide
Hard-drive maker Seagate Technology
Mitsubishi UFJ Financial Group <8306.T>, Japan's biggest bank by assets, posted a 39 percent fall in third-quarter net profit, hurt by a tax asset write-down and weak lending at home.
Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.
The Dow Jones industrial average <.DJI> dropped 20.81 points, or 0.16 percent, to 12,632.91. The Standard & Poor's 500 Index <.SPX> fell 0.60 points, or 0.05 percent, to 1,312.41. The Nasdaq Composite Index <.IXIC> gained 1.90 points, or 0.07 percent, to 2,813.84.
The S&P 500 triggered a bullish technical signal, known as a golden cross, as its 50-day average ticked above its 200-day average. The signal indicates a shift in mid-term momentum and usually means gains in the index six months down the road.
(Reporting by Blaise Robinson; Editing by Dan Lalor)