U.S. stock futures suggest a continuation of positive movements seen in the previous trading session, but the geopolitical situation in Ukraine simmering in the background could influence direction, while King Digital's public offer pricing and Facebook's (NASDAQ:FB) purchase of Oculus could give investors some pause for thought.

Futures on the Dow Jones Industrial Average were up 0.2 percent while futures on the S&P 500 were up 0.17 percent and those on the Nasdaq were up 0.23 percent. On Tuesday, the Dow rose 0.56 percent while the S&P 500 climbed 0.44 percent and the Nasdaq gained 0.19 percent.

On the data front, numbers on durable goods orders for February is due at 8:30 a.m. EDT.

In Europe, markets were upbeat with the Stoxx Europe 600 index trading up 0.65 percent while the FTSE 100 was up 0.49 percent. Germany’s DAX-30 was up 1.15 percent while France's CAC-40 rose 0.83 percent.

In Asia, markets were mostly positive with Japan's Nikkei-225 rising 0.37 percent while Australia’s S&P/ASX 200 climbed 0.75 percent. Hong Kong’s Hang Seng gained 0.72 percent while the Shanghai Composite slipped 0.18 percent. South Korea’s Kospi rose 1.19 percent and India’s BSE Sensex was trading up 0.17 percent.