At around 02:30 a.m. ET, Dow futures rose 83 points, indicating a positive open of more than 68 points. Futures on the S&P and Nasdaq were also higher.
Wall Street ended Wednesday little changed despite earlier falls following a dramatic move in bond yields. The U.S. 10-year Treasury yield briefly dipped below 1.6% to hit a 2016 low, but was back up near 1.7412% by Thursday morning.
Tumbling yields can signal global growth concerns from investors and fuel sharp pullbacks in equity markets. An escalation in trade tensions between China and the United States has accentuated these fears in recent days. Wall Street saw a wild ride Wednesday when the S&P 500 logged its biggest intraday comeback of the year.
Investors are also monitoring the yuan, after China’s central bank set the official reference rate for the Chinese currency at 7.0039 yuan per dollar on Thursday — the weakest level since April 21, 2008. Overnight, China reported trade data that was better-than-expected despite mounting economic pressure from elevated U.S. tariffs. It appeared to offer investors some respite from fears of a global currency war.
On the data front, there will be jobless claims at 08:30 a.m. ET and wholesale trade numbers due at 10:00 a.m. ET.
In corporate news, Kraft Heinz and Viacom will be reporting before the bell. Uber, Dropbox, News Corp and Axa Equitable will update investors after the bell.