US stocks were set to open in positive territory Thursday, adding to the advance a day earlier after a lower-than-expected inflation print for July.
Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq futures all rose around 0.8%.
Data released Wednesday showed US consumer prices held steady in July compared with June's 1.3% surge and estimates for a 0.2% uptick, according to Bloomberg data.
Oil prices rose, with front-month global benchmarks Brent crude and West Texas Intermediate crude both up around 1% after government data showed a weekly draw in US gasoline stocks.
At 8:30 am ET, data showed new unemployment claims rose to 262,000 in the Aug. 6 week from a downwardly revised 248,000 claims in the preceding week, lower than estimates for 265,000 claims. Producer prices fell 0.5% in July, compared with estimates for a 0.2% uptick and previous month's 1% gain.
In other world markets, Japan's Nikkei closed 0.7% lower, Hong Kong's Hang Seng ended 2.3% higher, and China's Shanghai Composite finished 1.6% higher. Meanwhile, UK's FTSE 100 fell 0.4% and Germany's DAX index gained 0.2% in Europe's early afternoon session.
In equities, shares of Disney (DIS) were 8.8% higher pre-bell after the company posted higher fiscal Q3 earnings and sales. Aegon (AEG) shares rose 9% even as the company swung to a Q2 net loss.
On the losing side, Athenex (ATNX) shares slumped 32% after the company priced a $30 million public offering of common stock and warrants. Sonos (SONO) shares declined 16% after the company reported lower fiscal Q3 earnings and sales. Motorsport Gaming (MSGM) shares fell 16% after the company posted a wider Q2 net loss on lower revenue.